New York, NY (January 23, 2015) – Swiff-Train Company, LLC (“Swiff-Train” or the “Company”), headquartered in Corpus Christi, TX, announced that its management team has recapitalized the Company in partnership with Stonebridge Partners of White Plains, NY. Swiff-Train’s management team will retain a significant ownership stake. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Swiff-Train.
Swiff-Train Company, LLC (www.swiff-train.com) is one of the largest full-line suppliers and distributors of floor covering products in the country. The Company offers a broad range of hardwood, vinyl, carpet, ceramic, and laminate flooring products, as well as related flooring accessories. Swiff-Train also designs, sources, and markets its own branded line of luxury vinyl tile, called EarthWerks® (www.earthwerks.com), which is sold to domestic and international customers in over 50 countries. Swiff-Train was founded in 1937.
Stonebridge Partners (www.stonebridgepartners.com) was founded in 1986 as an operations-oriented private equity firm focused on recapitalizing and acquiring growing middle-market businesses ranging in value from $30 to $200 million. Taking an active, hands-on approach to value creation, Stonebridge partners with the management teams of its portfolio companies to pursue additional growth avenues and operational efficiencies.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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