Artivo Surfaces, the Transom Capital-backed parent company of Virginia Tile, Galleher, and Trinity Hardwood, is acquiring Tom Duffy Company, a strategic move that significantly strengthens Artivo’s position as a market leader in the tile and flooring industry. With its extensive portfolio of installation materials, hardwood, luxury vinyl tile (LVT), and tile solutions, Tom Duffy brings valuable expertise and a diverse product offering to Artivo’s growing family of products and capabilities.
“This acquisition expands Artivo’s platform and strengthens our core capabilities," said Sunil Palakodati, CEO of Artivo Surfaces. "By bringing together Tom Duffy’s exceptional team, strong industry relationships, and loyal customer base, we’re enhancing our ability to serve residential and commercial markets across the country with a broader range of flooring solutions.”
Anne Funsten, president and CEO of Tom Duffy Company said, “This partnership not only enables us to scale our business but also preserves the legacy we have built in an ever-changing market."
“Tom Duffy has been well known in the West Coast for decades, and their inclusion in the Artivo family strengthens its ability to provide customers with even more comprehensive and innovative solutions," said Steve Kim, Principal at Transom Capital Group. "Tom Duffy is Transom Capital’s third acquisition in less than twelve months in this vertical, and we are proud to support Sunil and his leadership team in building a premier surfaces platform.”
Kirkland & Ellis LLP served as legal advisor to Transom Capital and PNC Bank, N.A. and Blue Torch Capital provided debt financing for the transaction. Wood Warren served as the exclusive financial advisor and Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to Tom Duffy.
More Artivo Surfaces news: Transom Capital Group Launches Artivo Surfaces, Uniting Virginia Tile and Galleher Under New Brand