Quad-C Management Takes Majority Interest in Galleher
Charlottesville, VA, November 7, 2017-Quad-C Management has announced that it has closed an investment in Galleher Corporation, one of the oldest and largest floorcovering distributors in the United States. Terms of the transaction were not disclosed.
Founded in 1937, Galleher currently operates 23 locations in California, Nevada and Arizona with over 325 employees. The company distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities.
Since the beginning of the current housing recovery, Galleher sales have increased from $50 million to nearly $200 million, an average annual compound growth rate of 20% over the past seven years.
The company’s management team, led by Jeff Hamar, is maintaining a large ownership stake in the company and will continue to lead Galleher following the Quad-C investment.
The Galleher investment highlights Quad-C’s expertise in the building products and specialty distribution sectors. Recent and past investments include leading flooring companies Stanton Carpet and Tandus Flooring; specialty building products distributor Wolf Home Products; roofing underlayment manufacturer InterWrap; and lighting company Generation Brands.
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