July 18, 2023
Croft & Bender Serves as Financial Advisor to SCI Flooring, a Portfolio Company of Corridor Capital, on its Sale to Rainier Partners
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful sale of its client, SCI Flooring (“SCI” or the “Company”), a portfolio Company of Corridor Capital (“Corridor”), to Rainier Partners (“Rainier”).
Headquartered in Detroit, MI, SCI is a leading provider of floor covering installation solutions in the Midwest U.S. The Company primarily installs replacement flooring for multi-family and commercial clients as well as new flooring installation for leading single-family homebuilders. SCI serves the top multi-family and commercial property managers and owners in its core markets, Southern Michigan and the greater Kansas City area, where the Company holds top market share positions across each of its segments.
“As we assessed a potential partner for the next chapter in SCI’s growth, the team at Rainier stood out due to their cultural fit with our company’s values, expertise in the business services sector, and proven operational playbook that will allow us to continue to expand the platform. The SCI team is excited to partner with Rainier to capitalize on the wide array of organic and inorganic opportunities we see in the growing, fragmented flooring industry.” – SCI CEO Dave Elberson
Croft & Bender served as the exclusive financial advisor to SCI on the transaction.