SC&H Capital, a leading investment bank specializing in sell side M&A and ESOP advisory services for middle-market companies, is pleased to announce the successful sale of its client, Carpet & Wood Floor Liquidators, to an employee stock ownership plan (ESOP). The transaction provides an opportunity for the company’s 60 plus employees to gain equity ownership in the company as participants in the ESOP, a move that research shows contributes to more productivity, faster growth, increased profitability and lower turnover.
Headquartered in Baltimore, MD, Carpet & Wood Floor Liquidators began as a wholesaler of excess inventory for the carpet mills, and over the past 30 years has evolved and grown into a full-service distribution business focused on residential, property management and commercial sales and installations in the mid-Atlantic.
“Randy Pleasant and I had hoped and planned to one day transition the ownership of the company to our employees, but we weren’t sure if it would work or how to accomplish our goal,” said Bob Nichols, CEO of Carpet & Wood Floor Liquidators. “SC&H Capital was instrumental in leading us through the analysis, providing us with the best options, and implementing the transaction. They gave us the confidence to know that becoming an employee owned company was a viable option for us to achieve our goals, reward our employees and continue to serve our customers.”
“We were very pleased to have the opportunity to assist Carpet & Wood Floor Liquidators throughout the transaction process,” said Greg Hogan, Managing Director at SC&H Capital. “Randy and Bob were steadfast in their desire to effect a transaction that allowed their employees to become owners and provided for the continuity of the business as an independent dealer serving their dedicated customers. An ESOP transaction was a great fit to allow them to accomplish both of those goals.”
The transaction was lead by Greg Hogan at SC&H Capital. Rick Mapp and Christopher McLean of Kaufman & Canoles served as legal counsel to the company. Terms of the transaction were not disclosed.
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, is an investment banking and advisory firm providing merger and acquisition (M&A), special situations, employee stock ownership plan (ESOP), capital raising, and business valuation solutions to middle-market and growth companies nationwide. SC&H Capital delivers investment banking and advisory services across numerous industries, including technology, healthcare, manufacturing, and government contracting, to help owners achieve their exit planning goals and liquidity objectives. To learn more visit www.schcapital.com.
