Paceline buys AHF Products

Paceline Equity Partners has acquired Mountville, Pennsylvania-based AHF Products, a hardwood flooring manufacturer. No financial terms were disclosed.

PRESS RELEASE

DALLAS – February 2, 2022 – An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, announced it has closed the acquisition of AHF Products (“AHF”, or the “Company”), a leading North American hard surface flooring manufacturer.

Headquartered in Mountville, Pennsylvania, AHF is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. The Company operates eight manufacturing facilities, seven in the U.S. and one in Cambodia, and three domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers, and distributors around the world.

Sam Loughlin, Chief Executive Officer of Paceline, said, “AHF is primed to benefit from strong outlooks in residential repair & remodel spend and new residential housing construction, driven by an aging housing stock, record home equity levels, and a severe inventory shortage from years of underbuilding. Further, the Company’s domestic production capacity provides insulation from volatility around tariffs, duties, and high shipping costs, which positions AHF well to continue providing superior customer service given the dislocated global supply chain.”

“The Paceline team has extensive experience from our time together at a global private equity manager and a history of success in the building products industry, having completed six platform investments and over 40 bolt-on acquisitions,” added Leigh Sansone, Chief Investment Officer of Paceline. “Our team will leverage its prior expertise, including long-standing industry relationships, to help AHF grow both organically and inorganically.”

Brian Carson, Chief Executive Officer of AHF added, “the Company has seen incredible growth since its inception in 2019, and we are thrilled to be partnered with Paceline given our shared visions for growth and their team’s experience in the building products industry. Our valued customers, suppliers, and employees drive the tremendous momentum within our business, and we look forward to continuing to support these stakeholders with accelerated growth in new products, brands, and innovation.”

About Paceline Equity Partners
Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity. Paceline’s senior leadership team members average 20 years of professional experience. Prior to the formation of Paceline, the senior leadership team worked together for approximately 10 years at a global private equity manager and its affiliates. To learn more, please visit www.pacelineequity.com.