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Quad-C Buys Stanton Carpet from Norwest Equity Partners

Ardian, Home Meridian and Mattress Firm recently purchased home decor-related companies

Quad-C Management has bought carpet manufacturer Stanton Carpet Corp. from Norwest Equity Partners for an undisclosed amount.

Stanton designs and distributes premium carpeting and soft flooring products to more than 4,000 retailers across the U.S. The Syosset, New York-based target was founded in 1980 as a family business and now the company’s flooring brands brands consist of: Stanton, Antrim, Royal Dutch, Atelier, Rosecore and Crescent. Stanton currently employs nearly 100 staff members and recently completed construction on its new distribution facility in Calhoun, Georgia. The target has “realized significant expansion of its product portfolio, penetration of new markets, augmentation of its sales force productivity, and the optimization of its supply chain” over recent years, according to Todd Solow, a partner at NEP.

Quad-C, based in Charlottesville, Virginia, invests in $75 million to $400 million companies in the business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics sectors. The middle-market private equity firm has invested more than $2 billion in more than 40 companies since its 1989 start. Earlier in 2016, the firm backed Inmark Packaging in early 2016 and acquired Rainbow Early Education Holding LLC for an undisclosed amount.

NEP is a middle market private equity firm based in has been investing in growing, profitable, and scalable middle market companies since 1961 and has deep experience working with industry-leading distribution companies, including Bix Produce, Momentum, Lindstrom Metric and Imperial Supplies.

Makers of home good products are benefiting from trends in the real estate market, including an increase in new home sales. Recent deals include: Ardian's agreement to buy SLV, a maker of residential and commercial light fixtures; Hooker Furniture Corp.'s (Nasdaq: HOFT) purchasing of Home Meridian International Inc.; and Mattress Firm Holding Corp.'s (Nasdaq: MFRM) completed deal for its rival Sleepy’s.

BB&T Capital Markets (NYSE: BBT) served as financial adviser to NEP. Winston & Strawn LLP served as legal adviser to Stanton.

 

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