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Artisan Design Group Closes Acquisition of Substantially All Assets of Nonn´s Flooring
Wednesday 13 January 2021

US-based flooring products and services dealer Artisan Design Group, a portfolio company of The Sterling Group, has acquired substantially all assets of Nonn's Flooring Inc, the company said.

ADG is a dealer of flooring products and services, providing design, procurement, installation and quality control of flooring and complementary products for homebuilders and multi-family developers.

Headquartered in Middleton, Wisconsin, Nonn's is a provider of installation services for flooring, countertops, cabinets, and appliances primarily to single-family residential homebuilders in Wisconsin and Florida.

Nonn's has provided high quality single-family installation services in Wisconsin for over 36 years.

Headquartered in Dallas, Texas, ADG operates more than 100 distribution, design and service facilities and coordinates installation through over 1,800 independent contractors across 23 states. ADG was formed in 2016 through the combination of Floors Inc. and Malibu Floors.

ADG has completed eight acquisitions over the past two years under Sterling's ownership. The company has completed sixteen total acquisitions since its founding in 2016.

ADG continues to seek local and regional market leaders to add to its family of flooring, cabinets and countertops specialists.

Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies.

Typical enterprise values of these companies at initial formation range from USD 100m to USD 750m.

Sterling has sponsored the buyout of 57 platform companies and numerous add-on acquisitions for a total transaction value of over USD 14.0bn.

Sterling currently has over USD 4bn of assets under management.
Date Published: 13/01/2021