Parterre Flooring Systems Acquired by JMH Capital
Boston, MA, June 18, 2015—JMH Capital has acquired Parterre Flooring Systems. The acquisition was made in partnership with Parterre president T. Fred Roche, who will continue running the company.
The seller was Roche’s company, Roche International, LLC dba Parterre Flooring Systems.
A new LLC partnership was established to take the Parterre Flooring Systems entity forward. According to Roche, "This new infusion of investment capital will fund the company's growth under the same leadership.”
Headquartered in Wilmington, Massachusetts, Parterre provides on a stocking basis over 200 SKUs of proprietary stone and wood grain patterns and colors.
JMH Capital specializes in buyouts and recapitalizations of middle market businesses with significant potential for growth, operating improvement, or both. The firm’s strategy is to acquire industrial manufacturing and service-related businesses that are growing at rates that require substantial investment, and infrastructure development, where JMH can utilize its extensive operating resources to drive increased growth and value during its ownership.
Related Topics:Parterre Flooring Systems