The company says it has more than 3,500 customers comprising retail floor showrooms, architecture and design firm showrooms, catalogue and internet retailers.
Financial terms of the deal were not disclosed.
NEP Partner and Stanton board member Todd Solow said, “Stanton is a great fit with NEP’s investment strategy in the distribution industry, and we believe it is an excellent time to invest in the company as it should benefit from the improving health of the housing and renovation market.
“Stanton provides tremendous value to its customers by providing excellent customer service and a differentiated sales and distribution model.
“With a proven track record of introducing new products and entering new markets, Stanton is well-positioned to grow, expand, and gain market share.”
Linsalata bought Stanton through a management buyout in 2006 when the company had annual sales of $53m.
At the time it said it planned to grow the company geographically and expand its product range through internal investment and acquisitions.
Norwest is currently investing out of its ninth buyout fund, which it closed on $1.2bn in 2008.
The firm provided financing for the acquisition through its affiliate Norwest Mezzanine Partners III, a $500m vehicle closed in 2008.
Last month it emerged Norwest could sell agricultural chemicals company Becker Underwood for more than $1bn.
Greenhill & Co has been hired to advise on the deal, according to Reuters, which said Norwest hopes to make a sale at more than 11 times the company’s 2012 EBITDA.
Norwest picked up a majority stake in Iowa-based Becker Underwood in 2004.
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