Stonebridge Partners is pleased to announce the successful recapitalization of Swiff-Train Company LLC (“Swiff-Train” or the “Company”) on December 23, 2014. Swiff-Train, based in Corpus Christi, Texas, is one of the largest full-line suppliers and distributors of floor covering products in the country. The Company offers a broad range of hardwood, vinyl, carpet, ceramic and laminate flooring products, as well as related flooring installation accessories. Swiff-Train also designs, sources and markets its own branded line of luxury vinyl tile, called EarthWerks® (www.earthwerks.com), which is sold to domestic and international customers in over 50 countries.
Swiff-Train recently celebrated its 75th anniversary as a family-owned business. The transaction enabled the third generation of family owners to acquire a far more significant stake in the business from the second generation as they assumed key operating positions. The second generation family members will stay extremely involved in the business with key advisory and board roles. Stonebridge Partners will provide the management team with operational guidance and access to capital to enable accelerated growth. Stonebridge Partners and its investors, including Centerfield Capital and RGA, provided a structure to allow flexibility to pursue strategic growth initiatives and acquisitions to expand the business.