16th March 2017
Walker Morris fielded a multi-disciplinary team to advise Endless on its latest investment in the acquisition of flooring distributor, Carpet & Flooring (Trading) (C&F), from listed construction supplier SIG plc.
C&F was established in 1992 and has grown into one of the largest flooring distributors in the UK. The £100m turnover business serves customers from its 11 nationwide branches, plus a national distribution centre across, across England, Scotland and Wales and employs more than 380 people across its national branch network.
This latest investment from Endless will be its 14th deal from its fourth fund of £525m and follows investments into businesses such as Imtech, MTI, Arran Aromatics and Essential Fleet Services.
Aidan Robson, partner at Endless, commented:
“We are delighted to be supporting Lisa Tomlin and the management team with their growth plans for Carpet & Flooring. The business has huge potential and we have earmarked significant investment to support the company’s operational and commercial initiatives. This will see the company’s national footprint expand significantly over the coming years. As a ‘hands-on’ transformational investor, this is exactly the sort of business we know we can help and we are excited to be taking Carpet & Flooring forward into its next growth phase.”
Debbie Jackson, partner at Walker Morris, added:
“Endless’ acquisition of C&F will no doubt create a strong opportunity for growth for the newly formed company and we are delighted to have worked alongside the Team on its latest investment.
“Endless is a longstanding client of the Firm and the number of successful transactions we have achieved together is testament to our focus on building on good working relationships. These relationships are key in being able to provide Endless with sound commercially focussed advice.”