Transom Capital Group (“Transom”), an operations-focused middle market private equity firm, announced the completion of its acquisition of Galleher, LLC a western regional distributor and manufacturer of flooring products which are sold under both company-owned and leading third-party brands via retail, contractor, commercial and other channels.
Galleher is the largest floor covering distributor in the western U.S. and the third largest flooring distributor in the U.S. The company offers hardwood flooring, luxury vinyl plank (“LVP”) and installation accessories to flooring contractors, dealers/showrooms, commercial installers, builders, property managers, designers / architects, and other customers. Galleher goes to market with its own widely recognized and respected proprietary brands, including GemCore, Reward and Monarch Plank, as well as under the brands of leading third party manufacturers. The company covers the full spectrum from entry level to high-end hardwood flooring as well as the rapidly growing LVP segment.
With this acquisition, Transom Capital aims to leverage its operational expertise, industry knowledge, and extensive network to further propel the company’s growth trajectory. Transom's team will work closely with the existing management team to drive operational efficiency, expand market reach, and explore new product development opportunities.
"We are thrilled to welcome the Galleher brands into the Transom Capital family," said Russ Roenick, Managing Partner at Transom. "We believe the residential and commercial flooring products space has significant opportunity for innovation and Galleher supports virtually all of the leading brands in the space. We recognize the tremendous potential that the company holds, and we are committed to supporting its growth as a market leader in the premium flooring products segment. "
The company will continue to be a market leader in flooring products and will operate as an independent entity within Transom's portfolio of companies. The acquisition will provide Galleher with additional resources, expertise, and financial backing to accelerate its product innovation, expand into new markets, and deepen customer relationships.
Kirkland & Ellis LLP served as legal advisor to Transom Capital and PNC Bank provided the debt financing for the transaction. Houlihan Lokey served as the exclusive financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to Galleher.