Tom Karol, CEO of T&L Distributing, one of the largest flooring distributors in the Southwest, announced today that a Letter of Intent has been signed for E.J. Welch Company based in St. Louis, Missouri, to purchase a controlling interest in the company. The transaction is expected to be effective on September 30, 2020.
With more than 50 years in flooring and sundry distribution, E.J. Welch has a footprint that covers 14 states with 25 locations. Mitch Jolley, CEO of E.J. Welch said, “We are excited to have the associates of T&L join our organization to further solidify our growing position in the industry. They have a very experienced team that will be a good fit for our company.”
Founded over 40 years ago as a family business, T&L Distributing has grown to nine locations across Texas, Oklahoma, Arkansas, Louisiana, and Tennessee. Tom Karol said, “Given the changing dynamics of flooring distribution, we wanted to find a strategic partner that would leverage T&L’s innovative marketing, strong logistics network and skilled sales team. E.J. Welch’s commitment to best-in-class products and service will benefit our customers, employees, and vendor partners. The combined companies will be well positioned as a leader in the flooring market.”
As E.J. Welch expands, it is the only flooring distributor that brings the resources of a national company, yet gives customers the personal touch of a locally-owned business. The expertise and decades of knowledge from T&L will complement the growing E.J. Welch family.
To learn more about T&L, visit tldistributing.com.