AHF Products (Mountville, Pa.), the largest producer of wood flooring in the U.S., was sold to an affiliate of Paceline Equity Partners LLC, a private equity manager based in Dallas.
AHF Products (Mountville, Pa.), the largest producer of wood flooring in the U.S., was sold to an affiliate of Paceline Equity Partners LLC, a private equity manager based in Dallas.
AHF, which manufactures brands such as Bruce, Hartco, Robbins, LM Flooring, Capella, HomerWood, Hearthwood, Raintree, Autograph and tmbr, has been owned by American Industrial Partners, a private equity firm, since 2019. The acquisition by Paceline is expected to be finalized in the first quarter of 2022.
“AHF Products has experienced incredible growth since inception, and we’re thrilled to partner with Paceline with a shared vision of how we will take the business to the next level,” AHF CEO Brian Carson said in a statement.
Rumblings about the potential sale of AHF were first reported in August by Bloomberg, which reported the value of AHF could reach as much as $1 billion. AHF did not disclose the price of the sale in the recent announcement of the acquisition and did not immediately respond to a request for comment.
AHF was formed in 2019 after Armstrong Flooring sold its wood flooring segment to American Industrial Partners for approximately $100 million.
“AHF Products, with its proven track record for growth, has built a comprehensive portfolio of trusted flooring brands and represents an attractive opportunity to continue to transform the industry,” Paceline CEO Sam Loughlin said in a statement. “Leveraging our building products experience and a strong team at AHF, we expect to generate significant growth through organic opportunities and M&A.”