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Friday, December 4, 2020
Banking Southlake flooring company acquired

Southlake flooring company acquired

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Floors Inc., a Southlake-based designer, installer and retailer and flooring products to home builders and consumers, has been acquired by Dunes Point Capital LLC of Rye, New York. Floors was founded in 1983 and operates six retail centers, four design centers and four builder operation centers throughout Texas. Dunes Point also acquired the assets of Malibu Acceptance Corp. of Richardson, a designer and installer of flooring products to multifamily builders around the country. Founded in 1995, Malibu operates in 13 states. The two companies will be combined to create a “diversified flooring platform,” according to a news release.

DPC Investment Partners LLC provided the equity for the transaction. The debt for the transaction was provided by Cerberus Business Finance LLC.

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. MAB Corporate Advisors served as financial advisor to Floors and Malibu.

Founded in 2013, Dunes Point is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. The firm targets companies with enterprise values of up to $500 million.


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