Trive buys LARK Industries

Trive Capital has acquired LARK Industries. No financial terms were disclosed. Based in Anaheim, Calif., LARK is a provider of outsourced interior design centers and installation services for residential and commercial builders in the Western U.S.

PRESS RELEASE

DALLAS, Texas, and ANAHEIM, California – September 12, 2014

Trive Capital (“Trive”), the Dallas-based private equity firm, is proud to announce its partnership with L.A.R.K. Industries, Inc. Headquartered in Anaheim, California, L.A.R.K. Industries, Inc., dba Residential Design Services and Commercial Design Services (“RDS” or the “Company”), is a leading provider of outsourced interior design centers and installation services for residential and commercial builders in the Western United States.

Through its extensive network of design centers, RDS provides customized sales and installation services for a wide variety of interior surface products, including flooring, countertops, wall tiles, window treatments, finished carpentry, and other interior finishes. With a reputation for delivering an expansive selection of high quality products, reliable installation services, and exceptional customer service to homebuyers, the Company has cultivated longstanding relationships with large national and regional homebuilders and commercial real estate developers.

“We are excited to partner with this rapidly growing organization that is recognized for its ability to deliver high quality interior solutions and, in doing so, generate extraordinary customer satisfaction levels across homebuilders, homebuyers, and commercial real estate developers. The RDS investment represents Trive’s sixth platform investment and the firm’s fourth out of Trive Capital Fund I,” said Trive Partner Chris Zugaro.

RDS CEO and Founder Rick Scholten stated, “The RDS management team is eager to work with Trive. Trive’s understanding of our business model, willingness to provide operational support, and financial commitment made them the preferred partner to support our growth plans and enhance our ability to serve existing and new customers.”

“RDS pursues unrivaled service levels and quality workmanship. That is a commitment we make in all of our business relationships,” remarked RDS President Jim Gunckel. “Trive’s collaborative partnership model resonates strongly with the RDS team, most notably because of the unique commitment Trive makes to its portfolio companies.”

Trive Vice President Dan Lenahan noted, “Trive is pleased to partner with RDS’s employees to pursue and execute on the multitude of opportunities in front of the Company. We look forward to leveraging our building products experience in working with the owner-operators at RDS to further build their organization along strategic and operational dimensions.”

About L.A.R.K. Industries
L.A.R.K. Industries, Inc., dba Residential Design Services and Commercial Design Services (www.resdesign.com), is a leading provider of outsourced design centers and interior surfaces installation services. Headquartered in Anaheim, California, L.A.R.K. services large residential homebuilders and commercial real estate developers in the Western United States. The Company was founded in 1988 and prides itself on its reputation for delivering high quality, customized sales and installation solutions for a wide range of products, including flooring, countertops, wall tiles, window treatments, finished carpentry, and other interior finishes.

About Trive Capital
Trive Capital (www.trivecapital.com) is a Dallas, TX-based private equity firm focused on making control private equity investments in companies based in the US and Canada. Trive is currently investing from a $300M institutional fund raised in 2013. Trive utilizes proven operational best practices and identifies actionable opportunities that allow businesses, shareholders and employees to realize their full long-term potential.