Paceline Equity Completes Acquisition of AHF
Dallas, TX, February 2, 2022-An affiliate of Paceline Equity Partners, a Dallas-based private equity manager, announced it has closed the acquisition of AHF Products, a North American hard surface flooring manufacturer.
Headquartered in Mountville, Pennsylvania, AHF is the largest hardwood flooring manufacturer in North America and has experienced rapid growth across a range of additional flooring categories, including vinyl plank, laminate, and commercial flooring products. The company operates eight manufacturing facilities, seven in the U.S. and one in Cambodia, and three domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers, and distributors around the world.
Sam Loughlin, chief executive officer of Paceline, said, “AHF is primed to benefit from strong outlooks in residential repair and remodel spend and new residential housing construction, driven by an aging housing stock, record home equity levels, and a severe inventory shortage from years of underbuilding. Further, the Company’s domestic production capacity provides insulation from volatility around tariffs, duties, and high shipping costs, which positions AHF well to continue providing superior customer service given the dislocated global supply chain.”
Brian Carson, chief executive officer of AHF added, “the company has seen incredible growth since its inception in 2019, and we are thrilled to be partnered with Paceline given our shared visions for growth and their team’s experience in the building products industry. Our valued customers, suppliers, and employees drive the tremendous momentum within our business, and we look forward to continuing to support these stakeholders with accelerated growth in new products, brands, and innovation.”
Related Topics:AHF Products