America’s Floor Source Acquires The Flooring Gallery
Columbus, OH, November 9, 2021-America’s Floor Source has acquired The Flooring Gallery, a flooring retailer in the Louisville and Lexington, Kentucky areas.
This acquisition includes The Flooring Gallery retail stores, design centers, warehouses, inventory and other assets.
Nick Freadreacea, president of The Flooring Gallery, explained his decision to sell his company to America’s Floor Source, and specifically to Jason Goldberg, president and CEO: “Everyone here is very excited about the two teams coming together. I love the processes and innovation that America’s Floor Source has developed and is using. Jason and the AFS team will definitely be great stewards of what we’ve created here over the past 21 years.” Freadreacea served on the board of the World Floor Covering Association for more than 20 years and as chairman of the organization.
In business since 2000, The Flooring Gallery has five locations, 28 employees, and 2021 annual revenue projected to be $10 million.
Earlier this year, AFS acquired JP Flooring.
America’s Floor Source currently operates in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; and Louisville, Kentucky. The present AFS location in Louisville is primarily focused on serving homebuilders and property management companies. Across its current four markets, AFS serves a variety of different audiences-including homebuilders, homeowners, property management companies, wholesale customers, and commercial clients.