Norwest Takes Majority Stake in Stanton Carpet

Syosset, NY, Aug. 6, 2012 -- Stanton Carpet Corporation, a supplier of decorative, branded carpet and custom rugs, said that Minneapolis-based Norwest Equity Partners has taken a majority position in the company.

Norwest is a middle market investment firm with nearly $5 billion in capital under management.

NEP has made its investment along with investments from Jonathan and Sy Cohen as well as other management team members.

As part of the deal, Stanton’s team will continue to lead and operate the business from its Syosset, New York and Calhoun, Georgia facilities.

NEP has been investing alongside business owners and their management teams for more than 50 years.

Todd Solow, NEP partner and Stanton board member, said, “Stanton is a great fit with NEP’s investment strategy in the distribution industry, and we believe it is an excellent time to invest in the company as it should benefit from the improving health of the housing and renovation market."


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