Parterre Flooring Systems
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Parterre Flooring Systems - overview
Established
1991
Location
Wilmington, MA-Massachusetts, US
Primary Industry
Consumer Products
About
Parterre Flooring Systems provides high-quality commercial flooring solutions, specializing in luxury vinyl tile (LVT) and engineered wood flooring for various sectors such as hospitality, healthcare, and retail. Founded in 1991 in Wilmington, US, Parterre Flooring Systems focuses on commercial flooring solutions. The company was acquired by Tower Three Partners from JMH Capital Partners in August 2017, with financial terms undisclosed. Sebastian Hofer-Nonveiller is noted as the founder, while Ralph Grogan is the current CEO.
Parterre specializes in high-quality commercial flooring solutions, primarily offering luxury vinyl tile (LVT) and engineered wood flooring. Their product portfolio caters to diverse sectors including hospitality, healthcare, retail, and multi-family residences. They provide versatile flooring options that are durable and practical for high-traffic environments. Parterre also offers tools like the Room Visualizer, enhancing client decision-making for interior design.
Their products are marketed and sold across North America to contractors, architects, and property developers. Parterre operates on a business-to-business (B2B) transaction model, engaging with commercial builders, designers, and retailers. The company generates revenue through direct sales of flooring products and supplementary design consultations. Transactions typically accommodate bulk orders, with clients often purchasing multiple units of flagship products like the Unfazed™ collection.
Pricing models are tailored to project-specific needs, allowing for customized quotations based on installation scale, facilitating ongoing client relationships and repeat business. Parterre Flooring Systems is focused on developing new products and expanding into new markets. The company aims to enhance its product offerings, with a specific emphasis on launching innovative flooring solutions in the near future. Recent funding from the acquisition by Tower Three Partners will support these initiatives, aiming to create a unique brand and deliver long-term customer service value.
The expansion strategy includes targeting additional regions across North America to broaden their customer base.
Current Investors
Tower Three Partners
Primary Industry
Consumer Products
Sub Industries
Consumer Products, Materials
Website
www.parterreflooring.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Parterre Flooring Systems - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Parterre Flooring Systems | - | ||||||||
| Recapitalisation | Completed | Parterre Flooring Systems | - |
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Parterre Flooring Systems - employee data
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