ATLANTA & IRVINE, Calif.--(BUSINESS WIRE)--Interior Logic Group, Inc. (ILG) and Interior Specialists, Inc. (ISI), the two largest companies in the interior finishes industry are pleased to announce that they have completed their previously announced merger, effective today. The two companies will now operate as one under the name Interior Logic Group.
The new company provides installation services to homebuilders, multifamily owners and big box retailers across the country. Interior Logic Group is the largest nationwide provider of outsourced design centers to homebuilders.
The new company has over 4,300 employees, 225 locations, and a presence in 42 of the top 50 homebuilding markets in the U.S. Alan Davenport, the former President & CEO of ISI leads the new combined enterprise as President and CEO.
"It’s an exciting day for Interior Logic Group and our customers,” said ILG President & CEO Alan Davenport. “I believe we will be distinguished by our innovative technology, extensive design center services, and our commitment to grow with our customers through partnerships and trusted relationships. These relationships have been cultivated by both companies since we were established.”
“We are thrilled to pull together these powerful companies and the extensive talent from each organization. This is a testament to the outstanding teams that both companies have assembled,” said Mark Fikse, ILG’s former President & CEO and now, EVP of Business Development and Operations.
The new $1.5 billion company is owned jointly by Littlejohn & Co., LLC, which acquired ISI in 2014, and Platinum Equity, which acquired ILG in 2017, in addition to its senior leadership team.
About Interior Logic Group, Inc.:
Interior Logic Group, Inc., is the nation’s leading provider of turn-key design center management and interior installation services operating from over 225 locations across the United States. ILG’s customers include the nation’s preeminent single-family, multi-family, and commercial builders as well as multifamily property owners and big box retailers. Primary products handled on a turn-key basis include flooring, cabinets, countertops, and window treatments. ILG is the leading full-service provider of outsourced homebuilder-branded design centers.
About Littlejohn & Co.:
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With over $7 billion under management, the Firm seeks to create long-term value for its investors and build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
About Platinum Equity:
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. For more information about Platinum Equity, visit www.platinumequity.com.