Cyprium Supports the MBO of Arbor Contract Carpet
Cyprium Partners, a non-control private equity firm, is pleased to announce an investment in Arbor Contract Carpet Inc.
Founded in 1982, Arbor provides flooring and installation services to the multifamily housing industry. A significant portion of the Company’s revenue is derived from the replacement of existing flooring, which typically occurs every three to five years in well-maintained apartment communities, with new construction projects comprising the balance of the business.
Cyprium’s preferred stock and subordinated debt investment supports the acquisition of Arbor by its current President Matt Gilbreth and Executive Vice President Lyn Jacobs, who have been working at the company for 23 and 18 years respectively.
“The Arbor management buyout is another example of the many ways junior capital can be used to structure an investment that keeps management in economic and operational control,” said Dan Kessler, a Partner at Cyprium. “Matt and Lyn believe in the future of their company, so they chose to buy it from its founder and Chairman Paul Devereux. We’re excited about this partnership with Matt and Lyn, particularly given the growth that the company has experienced under their operational leadership for the past nine years.”
Arbor, headquartered in Irving, Texas and Denver, Colorado, replaces and installs a wide range of flooring options from its twelve locations in Texas, Florida, Colorado, California and Nevada. For more information, visit arborcarpet.com.
ABOUT CYPRIUM PARTNERS
Cyprium Partners is a private equity and mezzanine firm focused on non-controlling investments in profitable middle-market companies, allowing company owners and their management teams to retain a controlling interest in their businesses. Cyprium provides common equity, preferred stock, subordinated debt or any combination thereof, offering flexibility and increasing the certainty of close. The Cyprium team has completed 76 non-control investments over its 21-year history.
With offices in Cleveland, New York, and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies with $8 million or more of EBITDA.