Wilsquare Capital's Crown Products Acquires Tri-State Wholesale Flooring
St. Louis, MO, April 28, 2021-Crown Products has completed the acquisition of Tri-State Wholesale Flooring, a distributor of flooring products based in Sioux Falls, South Dakota. Crown Products is a portfolio company of Wilsquare Capital, a St. Louis-based private equity firm.
Terms of the transaction were not disclosed.
Established in 1964, John Rozell, Joe Gaspar and other members of management, have grown Tri-State into a provider of flooring products in North and South Dakota, Nebraska, Iowa, Wyoming, Montana and Minnesota.
The acquisition of Tri-State Wholesale Flooring represents the fourth company to become part of the Crown Products portfolio, beginning with the acquisition of Walcro (Bloomington, MN) in 2017, followed by Cartwright Distributing (Denver, CO) in 2019, and Jer-And (St. Louis, MO) in 2020.