Stanton Carpet Corporation, the Woodbury, New York-based supplier of decorative carpet, custom rugs and luxury vinyl plank, has announced that it has partnered with Rye, New York-based Dunes Point Capital, a middle-market family office and private investment firm with approximately $1 billion in capital under management.
Dunes Point Capital has acquired the business from Quad-C Management along with substantial investments from Jonathan and Sy Cohen as well as the management team. The announcement was made today by Stanton CEO and President Jonathan Cohen.
As part of the deal, Stanton’s dynamic team will continue to lead and operate the business from its Woodbury, New York-, and Calhoun, Georgia-based facilities. Stanton’s new affiliation with Dunes Point Capital is a strategic partnership based on long-term growth plans, the company said. Dune Point has been investing alongside business owners and their management teams since its inception in 2013 and is committed to sharing its extensive resources and experience in specialty distribution and building products to support Stanton’s long term growth strategy.
“Stanton prides itself on providing premium product, service and value across the board," Cohen said. "Focusing on and investing in these core fundamentals has allowed us to consistently partner and grow with our customer base. We have strong growth plans, and we’re thrilled to partner with Dunes Point to bring the next stages to fruition. We would like to thank Quad-C Management for their tremendous support and guidance during these last five years and are proud of the growth we accomplished together highlights of which include the organic launch of Stanton Street Commercial, Stanton Decorative Waterproof Flooring (LVP) and the acquisition of Hibernia and Cavan Carpets.”
“As a 41-year-old family-owned business, our investment partnership with Dunes Point marks an exciting time for Stanton," said Sy Cohen, Stanton founder and chairman. "Dunes Point has tremendous expertise industry and offers robust support with their Portfolio Resources Team in addition to their top management and excellent staff."
For more information, visit stantoncarpet.com.