Stanton Carpet Partners with Quad-C Management
Syosset, NY, November 22, 2016—Stanton Carpet Corporation has partnered with Charlottesville, Virginia-based Quad-C Management, a leading middle market private equity investment firm with nearly $2 billion in capital under management.
Quad-C has acquired the business from Norwest Equity Partners (NEP) along with substantial investments from Jonathan and Sy Cohen as well as the management team. The announcement was made today by Stanton CEO and president, Jonathan Cohen.
As part of the deal, Stanton’s dynamic team will continue to lead and operate the business from its Syosset, New York and Calhoun, Georgia based facilities. Stanton’s new affiliation with Quad-C is a strategic partnership based on long-term growth plans for the company. Quad-C has been investing alongside business owners and their management teams for more than 25 years and is committed to sharing its extensive resources and experience in specialty distribution and building products to support Stanton’s long-term growth strategy.