Houlihan Lokey Advises System Pavers Holdings, Inc.

Houlihan Lokey is pleased to announce that System Pavers has partnered with The Cranemere Group (Cranemere). System Pavers' management and founders are retaining a significant ownership interest in the business as part of the long-term partnership.

System Pavers is the nation’s leading direct-to-consumer outdoor living design and remodeling company. The company’s integrated offerings provide a seamless customer experience, including proprietary technology-based design, advanced visualization, and high-quality installation. More than 85,000 homeowners have trusted System Pavers to enhance their lifestyles through durable outdoor transformations designed to bring people together as they create memories to last a lifetime, resulting in a 95% customer satisfaction rating. System Pavers' visionary designers and expert installation teams leverage the company’s end-to-end proprietary technology to design and build outdoor living elements that include hardscapes, turf, outdoor kitchens, BBQ islands, water features, fire features, patios, driveways, and more.

The Cranemere Group is a holding company focused on partnering with founders and management teams to build industry-leading businesses in essential industries. As a pioneer in professionally managed long-term capital, Cranemere provides experience, expertise, and global networks to support the growth of its companies and to create value for all its stakeholders. Cranemere is headquartered in London and has offices in New York and Washington, D.C.

Houlihan Lokey served as exclusive financial advisor to System Pavers and assisted in initiating, structuring, and negotiating the transaction on its behalf.