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Announced

Floor & Decor to acquire Spartan Surfaces for $90m.

Financials

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Transaction Value£64m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

United States

Private

Acquisition

Single Bidder

Domestic

Household Furnishings

Pending

carpets

home furnishings

Majority

Synopsis

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Floor & Decor, a specialty retailer of hard surface flooring, agreed to acquire Spartan Surfaces, a distributer of home furnishing, for $90m. The transaction is expected to close in Q2 FY2021. "We have seen strong growth in our commercial business over the last several years by providing a simplified, reliable and lower-cost solution for commercial projects that leverages our merchandise sourcing and supply chain infrastructure," Tom Taylor, Floor & Decor CEO.

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