Mill Point Capital, a private equity firm, has bought Cancos Tile Corporation, a regional distributor of ceramic tile and natural stone.
Cancos is a seller and custom fabricator of porcelain, stone, ceramic, glass, and mosaic tile and accessories.
“Over its 70-year operating history, Cancos has built a reputation for excellence. We remain committed to maintaining the core values that have been instilled by the Valva family, while looking forward to pursuing the numerous growth opportunities in front of the business today,” said Michael Duran, founder of Mill Point.
Stellus Capital Management provided senior debt financing and an equity co-investment in support of Mill Point Capital’s acquisition.