Hilco Capital backs Brinkman with $6 million for management buyout
L.D. Brinkman obtained the Hilco Capital facility to facilitate the purchase of certain assets of the L.D. Brinkman Division from Beaulieu Group LLC and to provide additional working capital.
In addition, as part of Hilco Capital's financing structure, Congress Financial Corporation provided a $40 million revolving credit facility.
L.D. Brinkman, based in Lewisville, Texas, is a wholesale distributor of a broad range of floor coverings supplying carpet, vinyl, wood, ceramic, laminate flooring and accessories. They distribute to independent retailers, buying groups, home centers and builders in the Southwest (Texas, Louisiana, New Mexico, Arkansas, Tennessee, Colorado, Mississippi, Oklahoma, Nevada and Arizona) and in California.
The company will operate out of 13 locations strategically located to service the Southwest and Western sections of the United States.
Part of the growth opportunities for the new company will include the introduction of new carpet products in residential, builder and commercial lines.
A new vinyl product line called Classic Creations will be added to provide customers additional choices in sheet vinyl and vinyl tile.