DELRAY BEACH, Fla.--(BUSINESS WIRE)--Belknap-Haines, one of the largest flooring distributors in the US, servicing the East Coast from Maine to Florida, announced it has acquired Texas-based STC Floors, (previously Swiff-Train), #20 on Flooring Covering Weekly’s Top 25 Distributors of 2021. Anchor Peabody, the premier investment bank for the building industry with a dedicated M&A practice in flooring, served as exclusive financial advisor to STC Floors.
Headquartered in Houston, STC Floors is a leading distributor of vinyl, engineered, hardwood, carpet, and tile flooring and related supplies. Over the past 85+ years, the Company has established a leading market position by developing best-in-class sourcing capabilities and providing an unmatched combination of products and solutions to meet its customers’ needs from Florida through south central US.
“Anchor Peabody was honored to represent STC Floors in this transaction,” said Aaron Toomey. “Through the acquisition, Belknap-Haines will expand not only its distribution area west through Texas but also the breadth of its product offering and density of its coverage in markets like Florida. This transaction is further evidence of the continued consolidation in flooring distribution as acquirers see opportunities for better sourcing, more geographic diversification, and increased market share.”
Anchor Peabody was founded in 2011 with the sole mission of providing the building industry with the most professional, informed, useful, and unbiased M&A advice. Aaron Toomey joined in 2021 to focus entirely on M&A in the flooring industry.
About Anchor Peabody
Anchor Peabody is a premier investment banking firm comprised of former owners, operators and investors in the building products and construction industry. The firm combines over 100 years of capital markets and mergers & acquisition experience with a modern approach to investment banking. Anchor Peabody prides itself on providing outsized outcomes for its clients, by maximizing banker satisfaction, both professionally and personally. For more information, please visit www.anchorpeabody.com.