Heritage Capital advises Versatrim on the sale
JACKSONVILLE, Florida., February 24, 2022 /PRNewswire/ — Heritage Capital Groupan investment bank and financial advisory firm serving mid-growth and emerging companies in the United States and globally, is pleased to announce that its client, Versatrim, has been acquired by Saw Mill Capital.
Versatrimlocated outside of Raleigh, North Carolina, manufactures, sells and distributes a complete line of custom and coordinated laminate flooring moldings and trim for laminate and vinyl flooring, sold exclusively to the home improvement market. The company’s innovative approach to molding solutions and its ability to coordinate with many of the industry’s best colors in vinyl, luxury vinyl tile, wood-plastic vinyl and laminate flooring guided it to the forefront as a leading manufacturer of floor moldings.
sawmill capital is a lower mid-sized private equity firm based outside of new York. The company invests in companies in the business services, specialized distribution and manufactured goods sectors.
Thilo HesslerFounder and President of Versatrim, said, “We have built the business on a foundation of high quality manufacturing and excellent customer service. It was important to me to find a buyer who shared these fundamental principles and had the desire to take Versatrim to the next level. The Heritage team worked hard to find this buyer in Sawmill Capital. In Legacy, I found a trusted partner who understood and valued my personal goals for selling the business. I relied on his advice and expertise to successfully complete the transaction and maximize my financial results.”
Heritage acted as exclusive financial advisor and intermediary to Versatrim. The transaction team was led by Bill Sorenson and included Don Wiggins, Marie Frosioand Robert Cilek of Heritage Capital Group and Dr. Florian Von Alten with Oaklins Germany.
“Thilo and his team have built a great business by filling a need in the flooring solutions market,” remarked Bill Sorenson. “Entrepreneurs, like Thilo, are the engine of our economy and the Versatrim story is an American success story. At Heritage, we work with entrepreneurs to help them realize the value of their hard work. We were honored to represent Versatrim in this transaction.”
Heritage Capital Group provides objective advice to private companies in the areas of mergers, acquisitions and divestitures, business valuations, fundraising and equity capital, corporate restructurings and financial and strategic advisory services focused on the improving the value of business enterprises. Heritage Capital Group is a FINRA-registered broker and member of Oaklins, the world’s most experienced middle-market M&A adviser, with 850 professionals worldwide and dedicated industry teams in 45 countries across the world. world.
SOURCE Legacy Capital Group