April 09, 2019
Croft & Bender Serves as Financial Advisor to The Merit Distribution Group, a portfolio company of Centre Lane Partners, in its Sale to Center Rock Capital Partners
has been acquired by
Merit is the leading distributor of paint sundries and flooring products and installation supplies.
Merit, a portfolio company of Centre Lane Partners, is the leading distributor of paint sundries and flooring products and installation supplies, distributing over 30,000 products from approximately 600 manufacturers who trust Merit to reliably deliver products to more than 11,000 customers in the Americas, as well as Australia and Poland.
Merit and Centre Lane Partners engaged Croft & Bender to advise the Company through a full exclusive sale process. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process, and negotiate with buyers.
Croft & Bender successfully negotiated the sale of the Company to Center Rock Capital Partners.