PE-Backed Flooring Companies Combine in Add-on Deal
September 28, 2012
Flooring and sports surface supplier Tarkett, a portfolio company of KKR and Sommer Allibert, has acquired Dalton, GA-based Tandus Flooring. With the acquisition, Tarkett will have the opportunity to expand into the commercial carpet business. The deal provides an exit for Norwest Equity Partners, Oak Tree Capital Management and Bank of America, who partnered to purchase the company through a buyout in 2001.