FOR IMMEDIATE RELEASE
Durham, NC – (April 21, 2010) Transact Capital is pleased to announce the sale of the business assets of Design Distributing, Inc to Charleston, SC-based William M. Bird and Company.Transact Capital acted as exclusive advisor to Design Distributing with respect to the transaction. Terms of the transaction were not disclosed.
Based in Durham, NC, Design Distributing is a premier distributor of hardwood, vinyl and laminate flooring products in the mid-Atlantic region. Founded in 1971, the Company grew from its Virginia roots to become a major regional distributor with sales approaching $40 million. DDI represented some of the nation’s largest flooring manufacturers including Tarkett and Columbia Flooring throughout the mid-Atlantic.
“We see this acquisition as a great strategic fit for both William M Bird and Design Distributing. As this industry continues to face sagging demand and sales tied largely to home sales, acquisitions and mergers like this make more and more sense to both parties.” comments Steve Zacharias, Managing Partner of Transact Capital.
About Design Distributing, Inc.
Owned by David Vaughan and James Warren, Sr., DDI is a leading distributor of wood, laminate, and vinyl flooring in the Mid-Atlantic. Some of its key supplier relationships include Tarkett, Columbia Flooring, and Nafco. Attention to customer service and an interest in providing customers the highest quality flooring propelled the Company to success.
The Company is headquartered in Durham, NC and operates four other facilities located in South Carolina and Virginia.
About William M. Bird and Company
With over 145 years of industry background, William M. Bird is one of the nation’s largest floor covering distributors. Headquartered in Charleston, South Carolina, WM Bird distributes throughout the Southeast. It is one of only few Armstrong Flooring distributors in the United States. Other floor covering manufacturers include Bruce Hardwood Floors and Artistek. Along with distributing hardwood and laminate, WM Bird also distributes ceramic flooring. The acquisition of Design Distributing will provide them with a unique opportunity to seize a better footprint within the mid-Atlantic.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.
