Blue Point Capital Partners Acquires Tierra Sol Ceramic Tile

Cleveland, OH, April 7, 2016—Blue Point Capital Partners, in conjunction with its portfolio company, Shnier-GESCO Limited Partnership (Shnier), has acquired Tierra Sol Ceramic Tile Ltd., a distributor of ceramic and porcelain tile, glass and metal accents, and natural stone products that are used for floors, walls, and commercial and residential applications.

Shnier is headquartered in Brampton, Ontario, and operates five state-of-the-art warehouse, sales office and showroom facilities across Canada. Founded in 1938, the company offers value-added products, programs and services to its network of over 3,000 dealers.

The acquisition of Tierra Sol, which will operate as an autonomous sister division to Shnier, will deepen GESCO’s capabilities in ceramic tile, complement its luxury vinyl tile business, and expand the company’s geographic footprint.

The addition of Tierra Sol will also increase GESCO’s exposure to a desirable product segment and further diversify the company’s overall product mix and geographic reach. Tierra Sol operates out of facilities in Seattle, Washington; Vancouver, British Columbia; and Calgary and Edmonton, Alberta.