Houlihan Lokey Advises Artisan Design Group

Houlihan Lokey is pleased to announce that Artisan Design Group, LLC. (ADG), a portfolio company of Dunes Point Capital, has been acquired by Sterling Group, LLC. The transaction closed on December 14, 2018.

Artisan Design Group operates 39 distribution, design, and service facilities and coordinates installation through more than 800 independent contractors across 13 states. The business was formed in 2016 through the combination of Floors Inc. and Malibu. ADG has completed eight other acquisitions since that time, bringing together many of the leading regional flooring specialists across the United States. ADG is headquartered in Southlake, Texas.

Dunes Point Capital is a family office and private investment firm, pursuing investments in companies operating in the general industrial sector. Dunes Point Capital targets companies with enterprise values of up to $500 million.

The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 54 platform companies and numerous add-on acquisitions for a total transaction value of more than $10 billion. Currently, Sterling has more than $1.8 billion of assets under management.

This transaction highlights our continued success advising market-leading specialty distribution and construction-related services businesses, and deep sector experience in building products distribution.

Houlihan Lokey served as financial advisor to Artisan Design Group and assisted in initiating, structuring, and negotiating the transaction on its behalf. Separately, HL Finance, LLC arranged the acquisition financing, which was comprised of a revolving credit facility, term loan, and delayed-draw term loan facility for future acquisitions.