Affiliate of Paceline Equity Partners to Acquire AHF Products

Paceline Equity Partners LLC today announced that an affiliate has entered into a definitive agreement to acquire AHF Products from American Industrial Partners.

AHF Products is a U.S. wood flooring manufacturer as well as a key player in vinyl plank flooring, laminate and commercial flooring products and sells under various brands, including Bruce, Hartco, LM Flooring, Robbins, Hearthwood and Parterre. The company produces both solid and engineered wood flooring in eight plants and serves customers through three distribution locations and a multi-channel strategy that includes dealers, home centers and distributors around the world.

“AHF Products, with its proven track record for growth, has built a comprehensive portfolio of trusted flooring brands and represents an attractive opportunity to continue to transform the industry. Leveraging our building products experience and a strong team at AHF, we expect to generate significant growth through organic opportunities and M&A,” said Sam Loughlin, CEO of Paceline.

“AHF Products has experienced incredible growth since inception and we’re thrilled to partner with Paceline with a shared vision of how we will take the business to the next level. Our tremendous momentum to date is a credit to our valued customers, suppliers, and employees. We will continue to drive value for our customers through new products, brands, and innovation,” said Brian Carson, CEO of AHF Products.

“We have greatly enjoyed the partnership with AHF Products, its best-in-class management team, and its dedicated global workforce. Since formation in 2019, AHF Products has experienced remarkable growth and is well positioned to continue its trajectory through continued innovation and superb customer service,” said Rick Hoffman, a Partner at American Industrial Partners.

The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. King & Spalding is serving as legal advisor to Paceline Equity Partners.

BofA Securities served as financial advisor to AHF Products. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners.

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