Cleveland-based private equity firm Linsalata Capital Partners acquired a majority stake in Signature Systems Group LLC, a company that manufactures temporary flooring.
The target, based in New York, had been put up for sale by investment firm Dubin Clark and Co. Inc. Terms of the deal remain undisclosed.
The acquisition of Signature is the second platform investment in the recently raised Linsalata Capital Partners Fund VI LP, a $427 million fund focused on lower middle-market transactions.
Signature makes ground surfaces and coverings such as event turf, carpet and industrial matting. The company designs and sells its products within a variety of sectors, including mining and construction, as well as for sporting and athletic events at stadiums, such as the football turf at Metlife Stadium in in East Rutherford, N.J., arenas and convention centers.
Dubin Clark, headquartered in Greenwich, Conn., acquired Signature when it did business as Signature Fencing & Flooring Systems in 2007. Since then, the company has grown to include three divisions: Signature Fencing, Signature Flooring and Signature Rentals. Dubin Clark backed Signature for two add-on acquisitions, including the 2008 purchase of American Turf & Carpet for an undisclosed price.