TileBar Ownership Changes Hands Between Private Equity Firms
April 6, 2023, New Orleans, LA--LongueVue Capital (LVC), a New Orleans-based private equity firm, has sold TileBar to AEA Investors LP (AEA), a New York City-based private investment firm.
Headquartered in Inwood, New York, TileBar is a direct-to-consumer flooring brand.
LVC partnered with TileBar in 2019. During the LVC partnership, TileBar more than quadrupled revenues through expanding its sales channels and product categories, launching new showrooms and enhancing its website and technology platform, according to the company. In addition, TileBar made significant investments in infrastructure to bolster its rapid sales growth by more than tripling employee headcount and more than doubling its warehouse footprint to expand capacity.