We are pleased to share the sale of Generational Equity client American Olean Midwest, Inc. to Louisville Tile. The transaction closed June 26, 2023.
American Olean Midwest (AOM), located in Elk Grove Village, Illinois, strives to provide its trusted network of industry partners with high-quality residential and commercial products that are proven, reliable and timeless. It is their commitment to its customers and partners to create products that contribute to the eco-friendly design of sustainable projects, and they empower the creative visions of designers and construction professionals through their mission.
Headquartered in Louisville, Kentucky, Louisville Tile has a mission to provide a world-class and innovative solution-oriented customer experience by retaining the most knowledgeable employee team with the highest integrity who create value for customers and profitability for the company. Louisville Tile separates itself from its competitors by embracing more than 65 years of experience and core competencies in product selection, design expertise, and quality assurance.
The acquisition represents a significant milestone for Louisville Tile. As a family-owned business with a history dating back to 1955, the Company has been dedicated to providing exceptional-quality products and outstanding customer service. The acquisition also aligns with the Company’s core values and growth strategy, enabling it to better serve its customers and meet their evolving needs.
The addition of AOM’s operations and resources will significantly enhance Louisville Tile’s distribution network, strengthening its position in the Midwest region of the United States. It provides access to an extensive selection of American Olean products and expands the Louisville Tile footprint to nine contiguous states.
“We could not think of a better partner or more natural fit,” said Craig Campbell, President of American Olean Midwest. “We wanted to land our employees and customers in the very best hands possible, and with the depth of product and team that Louisville Tile brings to the table, we have done that.”
The acquisition establishes Louisville Tile as one of the preeminent independent distributors in North America. “This acquisition is an exciting development for Louisville Tile as we continue to build on our commitment to delivering superior products and services to our valued customers,” said Matthew Saltzman, CEO of Louisville Tile.
He added, “With this acquisition, we are able to expand into three new markets and consolidate two existing markets. With the integration of American Olean Midwest’s Chicago and South Bend branches into our existing branches, we have become the de facto market leader in both markets and the dominant player in the Midwest region. We are thrilled to welcome American Olean Midwest into the Louisville Tile family.”
“Without question, this was a great fit, as both groups saw the value that each party brought to the table. It will be great to see the growth of Louisville Tile as everything becomes fully integrated and potential growth is realized for years to come,” said Farahmandi.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
Carl Doerksen is the Director of Corporate Development at Generational Equity.
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