Shoreview Industries has purchased Crown Products, a distributor of flooring products, from WILsquare Capital, a private equity firm.
Crown’s team and 20 location distribution network serves flooring contractors, builders, and retailers.
“Since the summer of 2017, WILsquare has been a fantastic partner, fostering and supporting Crown’s growth,” said John DeYoung, Crown’s CEO. “Through investments in our people, processes, systems, and acquisitions alike, we have built one of the premier sundries and flooring distributors in the Country. We are excited about our new partnership with Shoreview Industries and working with them to further distinguish Crown as an industry leader.”
Stephens acted as the financial advisor to Crown and WILsquare Capital. Winston & Strawn LLP served as legal counsel to Crown and WILsquare Capital.