Private equity firm Blue Equity recently purchased Opa-locka, Fla.-based Mastercraft Flooring Distributors. Mastercraft is a family-owned flooring company that has operated near Miami for 32 years. This is Blue Equity’s third acquisition in the flooring industry.
Blue Equity is a majority shareholder of Gilford-Johnson Flooring, a residential, commercial, and architectural flooring wholesale distributor based in Jeffersonville, Ind., and identified the potential synergies between the businesses. Gilford-Johnson Flooring services customers in Alabama, Florida, Georgia, Indiana, Kentucky, Ohio, and Tennessee, as well as parts of North Carolina, South Carolina, and Virginia. Harvey Johnson, president of Mastercraft Flooring Distributors, said he will be staying on to oversee the integration as well as driving sales in the Florida market.
“Mastercraft is the perfect partner for Gilford-Johnson,” said Jonathan Blue, chairman and managing director of Blue Equity. “While in the same industry, Mastercraft fills out our southeastern reach with a full, complementary range of products and services in the state of Florida. In addition, we are optimistic about expanding the Mastercraft territory into international markets.”
For more information, visit gilfordjohnson.com.