Rainier-Backed SCI Flooring Builds Momentum in the Midwest with Add-On Acquisition
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SEATTLE--(BUSINESS WIRE)--Rainier Partners and its portfolio company, SCI Flooring (“SCI”), are plea...
Original sourceAI Summary
- Rainier Partners and SCI Flooring announce acquisition of Carpetbaggers, Inc., focusing on flooring services. - SCI aims to reinforce regional leadership in the Midwest through acquisition strategy. - SCI serves markets across multiple states and gains exposure to the multi-family segment. - Collaboration with Carpetbaggers expected to bring growth opportunities and reinforce market leadership. - Rainier actively seeking partnerships with additional flooring businesses. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Corporate Developments
Market-Moving
- Rainier Partners and SCI Flooring announce acquisition of Carpetbaggers, Inc., focusing on flooring services.
- SCI aims to reinforce regional leadership in the Midwest through acquisition strategy.
- SCI serves markets across multiple states and gains exposure to the multi-family segment.
Key Facts
- Rainier Partners and SCI Flooring announce acquisition of Carpetbaggers, Inc., focusing on flooring services.
- SCI aims to reinforce regional leadership in the Midwest through acquisition strategy.
- SCI serves markets across multiple states and gains exposure to the multi-family segment.
- Collaboration with Carpetbaggers expected to bring growth opportunities and reinforce market leadership.
- Rainier actively seeking partnerships with additional flooring businesses.