Private Equity Firm Saw Mill Capital Invests in Versatrim
Briarcliff Manor, NY, February 11, 2022- Saw Mill Capital Partners II LP and affiliated private equity investment funds managed by Saw Mill Capital LLC announce their investment to support the continued growth of Versatrim LLC, a leading manufacturer of floor molding and trim for residential flooring applications. The transaction closed on December 20, 2021. Terms were not disclosed.
“In our search for a partner, we found Saw Mill’s growth orientation and extensive industry research aligned with our vision for building Versatrim into the leader in flooring accessories," says Versatrim founder and CEO Thilo Hessler, also noting Saw Mill's "willingness to invest for the long term."
Headquartered in Henderson, North Carolina, Versatrim manufactures essential floor moldings and trim for residential remodel and renovation applications, and its product assortment is coordinated with major flooring brands.
Based in Briarcliff Manor, New York, Saw Mill Capital is a private equity firm that partners with business service, specialty distribution and manufacturing businesses with enterprise values of $25 million to $200 million.