Dunes Point Capital, LP Announces the Sale of Artisan Design Group
The Sterling Group has purchased Artisan Design Group from Dunes Point Capital.
RYE, N.Y., Dec. 17, 2018 /PRNewswire/ — Dunes Point Capital, LP has sold Artisan Design Group (“Artisan”) to The Sterling Group. Located in Southlake, TX, Artisan is a full service designer, installer, and retailer of flooring products to residential homebuilders, general contractors and property managers in over 15 states. Artisan operates 39 facilities throughout the U.S. and employs approximately 830 people.
DPC acquired Artisan on December 16, 2016 with $120 million of revenue. Within two years, Artisan had increased its revenue to $410 million and completed eight add-on acquisitions.
For DPC, Baird served as M&A advisor, Kirkland & Ellis LLP served as legal advisor, and Alvarez & Marsal Transaction Advisory Group, LLC served as financial advisor.
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.
About Artisan Design Group (“Artisan”): Founded in 2016, ADG is a full service designer, installer, and retailer of flooring products to residential homebuilders, general contractors and property managers in over 15 states. ADG was originally formed through the combination of Floors, Inc. and Malibu Acceptance Corporation. For more information, please visit www.artisandesigngroup.us.
SOURCE Dunes Point Capital, LP
