SEATTLE--(BUSINESS WIRE)--Rainier Partners and its portfolio company, SCI Flooring (“SCI”), are pleased to announce the addition of United Carpet to the firm’s flooring platform. United Carpet is a full-service floor covering provider serving customers in the multi-family, commercial, and residential markets.
United Carpet was founded in 1981 in St. Louis, MO, with the mission of providing best-in-class flooring products and expert installation services primarily for multi-family customers. In 2011, United Carpet expanded to Chicago, IL, where it has grown rapidly. Under the stewardship of a world-class team and backed by a dedication to quality and efficiency, the company has grown to become one of the largest flooring providers in the region.
“Partnering with SCI marks an exciting new chapter in our story,” said United Carpet Co-Founder Gary Russo. “We have known the SCI leadership team for years and share a mutual respect. We are excited to bring together two highly complementary businesses and look forward to leveraging the strength of the combined platform to better serve our customers throughout the Midwest.”
SCI provides comprehensive floor covering solutions to multi-family, commercial, and single-family property managers and builders. The addition of United Carpet will allow SCI to strengthen its management team and expand its operations to cover highly complementary markets across Michigan, Illinois, Missouri, and Kansas while maintaining its shared focus on exceptional customer service.
“Joining forces with United Carpet will help scale the platform in the attractive multi-family channel and allow us to increase our service of commercial and residential customers in the large and growing St. Louis and Chicago markets,” said SCI CEO Dave Elberson. “Rainier has helped us continue to execute on strategic M&A as part of our collective growth strategy, and we are thrilled to partner with Gary and the United Carpet team as we continue to develop the platform.”
“This addition will bring incremental scale and diversification to the platform, and we look forward to continuing to help drive the company’s mission of delivering differentiated service and value to its customers,” said Rainier Vice President Luke Bench.
Rainier and SCI are actively seeking opportunities to partner with additional flooring businesses. Business owners interested in learning more should contact Luke Bench at lbench@rainierpartners.com.
United Carpet is a full-service floor covering company focused on serving customers in the multi-family, commercial, and residential markets. Founded in 1981, United Carpet offers a wide array of flooring products and quality installation services. The company is headquartered in Hazelwood, MO, and has a second location in Elk Grove Village, IL. Please visit www.unitedcarpetinc.com for more information.
SCI Flooring is a full-service provider of soft and hard surface floor covering solutions to multi-family, commercial, and single-family property managers and builders. The company operates as SCI Floor Covering in Detroit, MI; MC Flooring in Kansas City, MO; Eastpointe Interiors in Grand Rapids, MI; and United Carpet in Hazelwood, MO and Elk Grove Village, IL. SCI’s leading market position is supported by a focus on exceptional product quality and efficient, reliable installation. Please visit www.sciflooring.com for more information.
Rainier Partners is a Seattle-based private equity firm with over $375 million in assets under management that invests in lower middle-market services businesses. We look for opportunities where we can actively support business owners and management teams by providing growth capital, operational resources, and strategic partnership. We focus on industries in which we have extensive experience, a network of partners, and deep resources: business services, consumer services, industrial services, and financial services. We typically invite the founders or management teams of our portfolio companies to invest alongside us to align interests. Please visit www.rainierpartners.com for more information.
