RYE, N.Y., Dec. 23, 2016 /PRNewswire/ -- Dunes Point Capital, LLC ("DPC") has acquired the assets of Floors, Inc. ("Floors") and Malibu Acceptance Corporation ("Malibu"), which will be combined to create a diversified flooring platform.
Located in Southlake, TX, Floors is a full service designer, installer and retailer of flooring products to home builders and homeowners throughout Texas. Floors was founded in 1983 and operates six retail centers, four design centers and four builder operation centers throughout Texas. For more information, please visit www.floorsinc.com.
Located in Richardson, TX, Malibu is a full service designer and installer of flooring products to multifamily builders throughout the country. Founded in 1995, Malibu operates in 13 states.
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.
About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.
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SOURCE Dunes Point Capital, LLC