Marquis Industries Acquires Harris Flooring Group
Las Vegas, September 21, 2023-Live Ventures Incorporated, a diversified holding company, announced that its subsidiary Marquis Industries has acquired the Harris Flooring Group brands from Q.E.P. Co., a designer, manufacturer, and distributor of a broad range of flooring and installation solutions for commercial and home improvement projects.
The Harris Flooring Group comprises four major flooring brands: Harris, Kraus, Naturally Aged Flooring and Heritage Mill Wood Flooring. On September 20, 2023, Marquis Industries acquired the Harris Flooring Group brands, inventory, and book of business and intends to retain substantially all Harris Flooring Group employees and sales representatives. The transaction, valued at approximately $10 million, is set to double Marquis Industries' salesforce and is expected to significantly impact Marquis Industries and its operations while contributing substantial revenues.
QEP’s Harris Flooring Group, based in Johnson City, TN, with over 125 years of flooring experience.
Marquis Industries began operations in 1997 and is today a carpet manufacturer and hard surface flooring supplier. The company has four facilities in North Georgia.
Live Ventures acquired Flooring Liquidators in 2023 for $84 million. California-based Flooring Liquidators provides floor, cabinets, countertops and installation services in California and Nevada, operating 20 warehouse-format stores and a design center.