Paceline Equity Partners Completes Acquisition of Leading Hard Flooring Manufacturer AHF Products | News

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DALLAS–(BUSINESS WIRE)–February 2, 2022–

A subsidiary of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, announced that it has completed the acquisition of AHF Products (“AHF” or the “Company”), a North American leader in hard flooring manufacturer.

Based in Mountville, Pennsylvania, AHF is the largest manufacturer of hardwood flooring in North America and has experienced rapid growth in a range of additional flooring categories including vinyl plank, laminate and commercial flooring. The company operates eight manufacturing plants, seven in the United States and one in Cambodia, and three domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers and distributors worldwide .

Sam Loughlin, President and CEO of Paceline, said, “AHF is poised to benefit from a strong outlook for home repair and renovation spending and new residential construction, driven by an aging housing stock, record highs of home equity and a severe shortage of inventory from years of underconstruction. Additionally, the company’s domestic production capacity provides protection against volatility in rates, duties and high shipping costs, which positions AHF well to continue to provide superior customer service given the dislocation. of the 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 follow-on acquisitions “, added Leigh Sansone, chief investment officer of Paceline. “Our team will leverage its prior expertise, including longstanding industry relationships, to help AHF grow both organically and inorganically.”

Brian Carson, Managing Director of AHF, added, “The company has experienced incredible growth since its inception in 2019, and we are thrilled to partner with Paceline given our shared visions for growth and the experience of their team in the building products industry. Our valued customers, suppliers and employees are the driving force behind the tremendous momentum of our business, and we look forward to continuing to support these stakeholders with accelerated growth of new products, brands and innovation.

About Paceline Equity Partners

Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic and special-situation investments in corporate credit, real assets and private equity. The members of Paceline’s management team have an average of 20 years of professional experience. Prior to Paceline’s formation, the management team worked together for approximately 10 years at a global private equity manager and its subsidiaries. To learn more, please visit www.pacelineequity.com.

About AHF Products

AHF Products is the leader in hardwood and vinyl flooring with a family of strong brands serving the residential and commercial markets. With decades of experience in award-winning wood flooring design, innovation, product development, manufacturing and service, AHF improves people’s quality of life through great products and commitment. deep commitment to exceptional customer service. AHF’s flooring brands include Bruce ®, Hartco ®, LM Flooring ®, Robbins ®, Capella ®, HomerWood ®, tmbr™, Hearthwood and Parterre. Headquartered in Mountville, Pennsylvania, with manufacturing operations in the United States and Cambodia, AHF Products employs more than 2,400 dedicated team members. To learn more, please visit www.AHFProducts.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220202005205/en/

CONTACT: Media:

Nathaniel Garnick

Gasthalter & Cie.

(212) 257-4170

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: FINANCE INTERIOR DESIGN PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Paceline Equity Partners, LLC

Copyright BusinessWire 2022.

PUBLISHED: 02/02/2022 08:00 AM/DISC: 02/02/2022 08:02 AM

http://www.businesswire.com/news/home/20220202005205/en

Copyright BusinessWire 2022.

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