Virginia Tile Company, LLC
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Virginia Tile Company, LLC - overview
Established
1928
Location
Livonia, MI, US
Primary Industry
Consumer Products
About
Virginia Tile Company, LLC, based in the US, specializes in providing premium tile and surface materials that enhance both residential and commercial spaces through versatile design options. Founded in 1928 in Livonia, Michigan, Virginia Tile Company, LLC focuses on delivering a comprehensive range of tile products. The company has successfully engaged in two significant deals, with the most recent occurring on June 25, 2024, when Transom Capital Group acquired it from Harren Equity Partners. Sunil Palakodati serves as the CEO of the company.
Virginia Tile specializes in a diverse range of premium tile and surface materials designed to enhance various living and commercial spaces. Their core product offerings include ceramic, porcelain, glass, and natural stone tiles, utilized in applications such as backsplashes, bathrooms, kitchens, and commercial interiors. The company emphasizes design versatility, providing options that cater to different aesthetic preferences, including wood, marble, slate, and concrete looks. Virginia Tile products are distributed across multiple geographical markets in the United States, ensuring regional availability for a broad client base that includes residential homeowners, commercial developers, and design professionals.
Virginia Tile generates revenue through a combination of direct sales to consumers, partnerships with retailers, and business-to-business transactions with contractors and design firms. The company's transaction structure typically involves selling products through showrooms and dealer networks, where clients can view and select tiles for their projects. Virginia Tile's pricing strategy encompasses a range of products, with various price points depending on material type and design complexity, ensuring quality options for both high-end residential and commercial markets. Following the acquisition by Transom Capital Group in June 2024, Virginia Tile Company, LLC is preparing to combine operations with Galleher Corporation under the Artivo Surfaces brand in October 2024.
This strategic move aims to expand Artivo Surfaces's business reach and offerings in the flooring and tile market sectors.
Current Investors
Harren Equity Partners
Primary Industry
Consumer Products
Sub Industries
Household Appliances, Home Improvement & DIY, Steel & Metals, Masonry Materials, Glass
Website
www.virginiatile.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Virginia Tile Company, LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Virginia Tile’s woodworking products distribution business | - | ||||||||
| Add-on, Trade Sale | Completed | Virginia Tile Company, LLC | - | ||||||||
| Add-on | Completed | RBC Tile & Stone | - | ||||||||
| Add-on | Completed | ISC Surfaces | - | ||||||||
| Recapitalisation | Completed | Virginia Tile Company, LLC | - |
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