Platinum Fairness Acquires Flooring Distributor Paramount International Surfaces

PGS acquisition to leverage investment firm’s skills in developing items sector

Transaction highlights continued momentum of Platinum Equity’s Little Cap staff

LOS ANGELES, July 7, 2021 /PRNewswire/ — Platinum Equity announced nowadays the acquisition of Paramount International Surfaces (PGS) from Linsalata Capital Companions. Fiscal phrases of the transaction had been not disclosed.

Platinum Fairness declared currently the acquisition of Paramount Worldwide Surfaces.

PGS is a primary developer, importer and distributor of high quality, proprietary porcelain tile and other difficult floor flooring coverings utilized mainly in rework and replacement solutions by equally residential and commercial stop customers.

Headquartered in Miami, PGS goes to market place by way of two unique floor covering manufacturers: Satisfied Floors, which serves a various foundation of far more than 6,000 impartial dealer customers during the United States and Ceramic Technics, which serves somewhere around 1,800 architecture and structure corporations, and 4,000 contractors/installers and corporate consumers across a number of industrial and multi-relatives close-user segments.

PGS serves some of the speediest developing segments of the floor covering sector as customer tastes continue to shift in direction of tile and luxury vinyl tile solutions. Larger macro trends are also getting a positive impression on the company.

“PGS serves a critical hyperlink in the value chain connecting superior-high-quality tile manufacturers with hundreds of conclusion customers in the US household and professional markets,” claimed Platinum Equity Lover Jacob Kotzubei. “Covid and demographic tendencies are also driving a change in customer way of life that is stimulating increased new household construction and renovation activity, and we foresee the affect of these tailwinds will be felt for yrs to come.”

Platinum Fairness lately acquired Cabinetworks, the biggest independently owned producer and distributor of kitchen and bath cabinets in the United States. Other providers the firm beforehand invested in consist of: Interior Logic Group, the major national service provider of inside layout and complete methods for the homebuilding industry PrimeSource, a national distributor of specialty setting up supplies which includes fasteners serving the new-development and transforming markets and Nilco, a wholesale distributor of specialty developing elements and industrial items.

“We have a ton of knowledge investing in creating products and solutions firms and know the sector very well,” extra Mr. Kotzubei. “We will set our M&A and operational resources to function in pursuit of new avenues to diversify PGS by products form, geography, channel and shopper phase. The business operates in a really fragmented market place with substantial options to grow, and PGS is an fantastic platform for more complementary and transformative acquisitions.”

O’Melveny & Myers and Alston & Chook served as Platinum Equity’s authorized counsel on the transaction. Robert W. Baird & Co. served as fiscal advisor to Platinum Fairness on the transaction.

The Blackstone Team delivered financing for the transaction.

Moelis & Organization LLC served as distinctive economical advisor and Calfee, Halter & Griswold furnished lawful counsel to PGS.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Fairness is a international expenditure agency with extra than $25 billion of assets underneath management and a portfolio of roughly 40 operating companies that provide consumers all over the planet. The firm is currently investing from Platinum Equity Capital Companions V, a $10 billion world wide buyout fund, and Platinum Fairness Compact Cap Fund, a $1.5 billion buyout fund concentrated on investment options in the decrease center current market. Platinum Equity specializes in mergers, acquisitions and functions – a trademarked approach it calls M&A&O® – obtaining and working companies in a wide variety of business marketplaces, which include manufacturing, distribution, transportation and logistics, machines rental, metals expert services, media and entertainment, technologies, telecommunications and other industries. Around the previous 25 a long time Platinum Fairness has accomplished much more than 300 acquisitions.


Dan Whelan, Platinum Fairness
(310) 282-9202
[email protected]

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Platinum Equity Brand (PRNewsfoto/Platinum Fairness)



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