NewSpring, Tightrope Capital, Pouilly back Fabulous Floors


NewSpring, Tightrope Capital and Pouilly Investment Company have invested in Texas-based flooring provider Fabulous Floors.

The company was established in 1987 and sells and installs commercial and residential flooring. Fabulous Floor leans towards its commercial business and has operations in Texas, and Oregon.

NewSpring principal Kristin Lee said, “Fabulous Floors’ prominent position within its current market is a testament to strong leadership, a dedicated sales team, and a culture of quality and service.”

“We look forward to collaborating with Joel, his partner Rick Cain, and the entire management team as they continue to successfully capitalize on their strategic growth initiatives.”

NewSpring recently tapped its mezzanine fund to invest in Radius Global Market Research, supporting its acquisition of a bolt-on. The firm’s third mezzanine fund closed on $257m last year, after beating its $200m target

In May the US buyout house teamed up with team up with Philadelphia College of Osteopathic Medicine invest in urgent care centre operator vybe.

Copyright © 2018 AltAssets

Get the latest PE News & Research delivered to your inbox every morning