LockeBridge Capital Partners, a leading middle market Boston area investment bank, advising on mergers, acquisitions, divestitures, valuations and capital raises, announced that it has acted as the financial advisor to Business Interiors Floor Covering (“Busineess Interiors” or the “Company”) one of New England’s largest and most well-respected flooring installers in its sale to Capital Carpet.
Mr. Paul Ferraro, Sr., CEO of Business Interiors, comments; “After owning and operating the Company for approximately three decades, this transaction and the partner we entrust to continue our legacy is near and dear to my heart. Fulfilling the needs of the Boston area’s most prestigious law firms, hospitals, hotels, universities and commercial businesses, among many others, is no small feat. I have no doubt that Capital Carpet will continue and expand upon our reputation of providing the area’s finest establishments with top-notch services. I would also be remiss not to thank Scott Waxler and the LockeBridge team for their guidance over the years. Without LockeBridge’s superior advisory on a range of issues, including financials, tax, legal and operational, I doubt that this transaction would have ever consummated.”
Mr. Mark Marrama, CEO of Capital Carpet, states; “We are thrilled to have the opportunity to combine our operations with Business Interiors. I am confident that our collective stakeholders (employees, customers and vendors) will realize significant benefits as we move forward in integrating the operations.”
About Business Interiors Floor Covering
From its headquarters located in the greater Boston area, the Company has installed over 5 million square feet of flooring serving the New England region as one of the largest and most well-respected full-service flooring contractors for over three decades. The Company’s blue-chip institutional client base includes law firms, healthcare systems, hospitality, education, and corporate offices.
About Capital Carpet
Capital Carpet is a Massachusetts–based flooring contractor providing floor covering solutions throughout the Greater Boston area for over 30 years. Supporting customers from product selection through professional installation, the company offers a broad range of products, including carpet, luxury vinyl, hardwood, tile, expoy and polished concrete. laminate, and resilient flooring, and. Capital Carpet serves a mix of commercial and institutional customers throughout New England.