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Transom Capital Group Acquires Virginia Tile Company

By FLOOR Trends & Installation Editors
Essential Product program
July 3, 2024

Transom Capital Group, a private equity firm based in El Segundo, California, announced the acquisition of Virginia Tile Company, a specialty distributor of tile, decorative surfaces and installation accessory products headquartered in metro Detroit, Michigan, which has 19 showrooms across 12 states.

Virginia Tile will join forces with Galleher to create a national flooring and tile products distributor with unique product development, merchandising and fulfillment capabilities. Galleher is the largest floor covering distributor in the western U.S. and the third largest flooring distributor in the U.S. Transom acquired Gallher in 2023. 

The two companies' combined geographic reach will provide customers with complementary products and additional resources to solve complex problems, the company said in a statement.

The combined company will be led by Sunil Palakodati as CEO, who will also remain president of Virginia Tile; Rick Coates as president of Galleher; and David Burke as CFO.

Palakodati brings 22 years of experience in the building products industry, including four years as CEO of Architectural Surfaces Group. Coates has 47 years of industry experience. Burke was most recently CFO of Skybridge Technologies and has more than 20 years of experience in finance and accounting, including 10 as a CFO.

Read more about Virginia Tile here and Galleher here. 

KEYWORDS: distribution mergers and acquisitions

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