Impact Property Solutions Acquires Multi Floors
Austin, TX, June 6, 2022--Impact Property Solutions, a Dallas, Texas-based portfolio company of Blue Sage Capital, announces its acquisition of Multi Floors, a Raleigh, North Carolina-based provider of flooring products and installation services to multifamily properties as well as retail refinishing and restoration services.
The move will bolster Impact’s North Carolina presence following its September 2021 acquisition of Got You Floored in the Piedmont-Triad region.
Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $200 million of revenue. Jonathan Pearce, a partner at Blue Sage, said the Multi Floors acquisition "allows Impact to address one of the most promising multifamily markets in the country" as Blue Sage seeks to grow Impact's footprint across the Sun Belt.
In April, Impact acquired Cutting Edge Carpet, which operates in Orlando and Jacksonville, Florida.