Empire Today, the country’s largest direct-to-consumer flooring company, announced it is on track to be acquired by Charlesbank Capital Partners, a private investment firm based in Boston and New York. The acquisition, the price of which was not disclosed, is scheduled to be finalized in the third quarter.
Empire Today, the country’s largest direct-to-consumer flooring company, announced it is on track to be acquired by Charlesbank Capital Partners, a private investment firm based in Boston and New York. The acquisition, the price of which was not disclosed, is scheduled to be finalized in the third quarter.
Empire Today, a portfolio company of private equity firm H.I.G. Capital, operates in about 75 of the largest metropolitan areas in the U.S. The company said it will remain in partnership with H.I.G. following the acquisition by Charlesbank.
Charlesbank Managing Director Andrew Janower said there are “significant growth opportunities” for Empire Today due to its business model and customer proposition.
“We are thrilled to work with Charlesbank to build on our considerable momentum and help us further grow and strengthen the business,” stated Keith Weinberger, CEO of Empire Today. “The Charlesbank team brings significant consumer investing experience and operational expertise that will align with our mission of Making Beautiful New Floors Easy for our customers.”
