Carpet Court New Zealand Ltd.

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Carpet Court New Zealand Ltd. - overview

Established

2004

Location

Auckland, -, New Zealand

Primary Industry

Retail

About

Carpet Court New Zealand Ltd. is a prominent flooring retailer that specializes in offering a broad range of flooring solutions, including carpet, laminate, vinyl, tiles, and hardwood. The company focuses on both residential and commercial applications. Carpet Court New Zealand Ltd.


was founded in 2004 and is headquartered in Auckland, New Zealand. The company operates primarily in the flooring retail sector, providing solutions for both residential and commercial markets. The firm was acquired by Pencarrow Private Equity from Allegro Funds in September 2021. The current CEOs are Bryn Harrison and Rodney Martin.


Carpet Court is a leading flooring retailer in New Zealand, specializing in a comprehensive range of flooring solutions that include carpet, laminate, vinyl, tiles, and wooden flooring. The company's core offerings enhance the aesthetic appeal and functionality of residential and commercial spaces, addressing the demand for durable and stylish flooring options. Carpet Court provides products suited for various applications, from cozy carpets ideal for living rooms and bedrooms to robust hard flooring solutions that withstand high traffic in commercial environments. The company serves a diverse client base, including homeowners, interior designers, and construction firms, across urban and suburban areas throughout New Zealand.


Their innovative product lines leverage the latest flooring technologies to meet the evolving needs of their customers. Carpet Court generates revenue through direct sales of flooring products and installation services, operating a network of 63 retail locations across New Zealand. The business model involves transactions primarily between the company and end consumers, as well as partnerships with residential and commercial contractors who utilize Carpet Court’s products in their projects. Customers can expect a seamless purchasing experience that includes free measurement and quote services.


The company offers a range of pricing plans for its products, including luxury vinyl tiles and various carpet options. These transactions are structured as one-time purchases, allowing customers to select products that best fit their design and budgetary needs, ensuring that Carpet Court remains a go-to provider for high-quality flooring solutions. Carpet Court plans to launch several new products designed to enhance its current offerings within the next year, focusing on innovative flooring technologies. The company aims to expand its market presence beyond New Zealand into Australia by 2023.


The recent acquisition by Pencarrow Private Equity will support these strategic initiatives, as the firm is expected to provide the necessary capital to facilitate product development and market entry.


Current Investors

Allegro Funds

Primary Industry

Retail

Sub Industries

Business Support Services, Consumer Services, Home Improvement & DIY, Electrical, Plumbing & Hardware Distributors

Website

www.carpetcourt.nz

Verticals

E-commerce

Company Stage

Mature

Total Amount Raised

Subscriber access only

Carpet Court New Zealand Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedCarpet Court New Zealand Ltd.-
Add-onCompletedCurtain Studio Limited-
RestructuringCompletedCarpet Court New Zealand Ltd.-

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