SCI Flooring Acquired by PE Firm Rainier Partners
Seattle, WA, July 11, 2023-Rainier Partners, a private equity firm investing in lower middle-market services businesses, has announced its investment in SCI Flooring (SCI), a full-service floorcovering services provider serving property managers and owners across the Midwest. Rainier now holds a majority investment in SCI.
SCI is a provider of comprehensive floorcovering solutions to multifamily, commercial, and single-family property managers and builders, offering soft and hard surface flooring products and expert installation. The company has a strong regional marketshare, a diverse and longstanding network of installation partners, and deep relationships with regional property managers and commercial contractors.
SCI has grown organically and by acquisition and currently operates three locations under the company’s umbrella: SCI Floor Covering in Detroit, Michigan; MC Flooring in Kansas City, Missouri; and Eastpointe Interiors in Grand Rapids, Michigan. Strategic M&A will continue to be part of the company’s growth strategy as SCI focuses on geographic and operational expansion under Rainier’s ownership.