The debt for the transaction was provided by Antares Capital and Churchill Asset Management LLC. There is a right and a wrong in the universe, and that distinction is not hard to make. The Cavan product line complements Stantons existing hand-loomed products while offering an excellent platform for extended growth in the category. RYE, N.Y., Oct. 4, 2021 /PRNewswire/ --Dunes Point Capital, LP ("DPC") has acquired Stanton Carpet Corp. ("Stanton"). Personalize which data points you want to see and create visualizations instantly. Our ability to consistently offer premium products with rapid order fulfillment is driven by our knowledge about customer needs, our strong supplier relationships, strategic inventory management, and highly efficient distribution capabilities. Stanton completed two add-on acquisitions under Quad-C ownership with the buys of Pennsylvania-based Cavan Carpets in May 2021, and California-based Hibernia Woolen Mills in November 2017. The Company has achieved that mission with what is recognized today as one of the nations leading distributors of decorative, high-quality branded carpet and custom rugs. "Dunes Point has tremendous expertise industry and offers robust support with their Portfolio Resources Team in addition to their top management and excellent staff.". We wish the Stanton team all the best for the future.. Stanton also operates a customer service, distribution and fabrication facility in Calhoun, GA. Stanton employs approximately 160 people. Manager talks to employees in a less than civil manner. The privileged owners crack the whip on the worker drones. Indeeds survey asked over 16 current and former employees whether they could work remotely at Stanton Carpet. Norwest Mezzanine Partners provided the mezzanine financing for this transaction, and additional financing was provided by GE Antares Capital, PNC Capital Markets, and NXT Capital. After the first year I realized it wasnt permanent for me: Around the second, it started to affect my health. Stanton Rosecore is the leading luxurious soft surface brand in Stanton Carpets impressive repertoire, representing the best of the bestin soft surface. Save on Stanton Carpets styles! Founded in 1980 by Sy Cohen, Stanton Carpet Corporation was built on the mission to create a brand that was synonymous with style and value for the decorative market. No breaks except 30 minute lunch breaks. He has met that mission with what is recognized today as one of the nation's leading manufacturers and importers of decorative, high-quality branded carpet and custom rugs. Tisch Communications LLC. For more information, please visitwww.stantoncarpet.com. About Stanton: Located in Woodbury, NY, Stanton was founded by the Cohen family in 1980 and is a leading designer and supplier of premium branded carpet, rugs and luxury vinyl plank. Cavan will continue to operate as a stand-alone brand within the Stanton portfolio through its agent-based sales team that will continue reporting directly to the McGoverns. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Randy Boothe has been promoted to builder/multi-family (BMF) business (This article was originally published on entrepreneur.com and was edited for content and style.) Woodbury, N.Y.Stanton has acquired Floors 2000, which serves the residential market with a well-styled, well-priced product line featuring LVP and porcelain tile. I went to work at Stanton Carpet after being terminated from a previous employer. I thought this was a great place to work with very understanding management in the beginning; however, I quickly learned otherwise. As part of the deal, Stantons dynamic team will continue to lead and operate the business from its Woodbury, New York-, and Calhoun, Georgia-based facilities. Stanton Carpet Corporation, the Woodbury, New York-based supplier of decorative carpet, custom rugs and luxury vinyl plank, has announced that it has partnered with Rye, New York-based Dunes Point Capital, a middle-market family office and private investment firm with approximately $1 billion in capital under management. Woodbury, N.Y.Stanton Carpet Corporation, a leading supplier of carpet, area rugs and LVP, has agreed to acquire substantially all the assets of Cavan Carpets. Indeeds Work Happiness survey asked over 14 current and former employees whether they often learn something at work. All rights reserved. Stanton Carpet Corporation was founded in 1980 by Sy Cohen and today is recognized as the leading designer and supplier of self-branded decorative wool and synthetic carpet, area rugs and LVP, with thousands of retail partners nationwide. Restrictive, depressing work environment and the owners are oblivious. Stanton said it will assume all operational responsibilities and immediately begin relocating Cavans inventory from Warminster, Pa., to Stantons 227,000-square-foot distribution, customer service and fabrication facility in Calhoun, Ga. Stanton said it expects to resume Cavan shipments beginning June 3-4. DPC targets companies with enterprise values of up to $1 billion. Just customer service work. The company specializes in offering a range of products including decorative carpets, such as wool tufted textures, flat-weaves, thick Berbers, wool blends, synthetic and natural fiber products as well as custom rugs through flooring dealers, distribution and fabrication partners to its clients. Get the full list, Youre viewing 5 of 7 executive team members. From the warehouse employees to the office employees and all the way to the executive management, they make you feel like family. Cavan serves the higher-end residential market with wool-based, hand-loomed products touting unique textures. This deal will enable Cavan to expedite its growth strategies and thrive within Stantons resources. About DPC: DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. Stanton continues to set new standards of innovation and design in uniquely decorative carpets such as textured Wilton's, wool tufted textures, flat- weaves, wool blends, synthetic and natural fiber products with patterns produced exclusively for Stanton. Usually helping out when I needed it. What is the interview process like at Stanton Carpet? Benefits are kind of middle of the road. Active, Closed, Last funding round type (e.g. They also will use their connections to snoop around in your personal life and then they will use anything that you do on your personal time against you at work. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Answering the phone, entering orders into the computer. The International Surface Event (TISE) 2023. 612 215 1600
It was a good job i was in college starting out. Indeeds Work Happiness survey asked over 14 current and former employees. RUNNERS AT WHOLESALE PRICES. By closing this message or continuing to use our site, you agree to the use of cookies. This deal will enable Cavan to expedite its growth strategies and thrive within Stantons resources. What is the vacation policy like at Stanton Carpet? Please click here to continue without javascript.. According to Stanton, Arkin agreed to stay on through July to help transition Cavans custom business to Stantons team and provide general support. Dunes Point Capital, LP Announces the Acquisition of Stanton Carpet Corp. Manufacturing Acquired Companies With Fewer Than 100 Employees. The International Surface Event (TISE): SURFACES | StonExpo/Marmomac | TileExpo will take place as a in-person exhibits and hybrid virtual event January 31-Februrary 2, 2023. Accessibility, Disability and Accommodation, Promotional Sales Specialist (Inside Sales). Over the past 30+ years, the company has grown to be one of the nations leading manufacturers and importers of decorative, high-quality carpets and custom rugs. It was ok.it was kinda like any kind of job.If there was orders it was Obviously with pressure to get stuff done. Lots to learn but doesnt transfer to many other textile companies. Superman. Stanton is majority owned by Quad-C Management, a private equity firm based out of Charlottesville, Virginia with nearly $2 Billion in capital under management. Dunes Point is a family office and private investment firm that makes control investments in companies operating in the general industrial and business services sectors that have enterprise values of up to $1 billion. all have patterns designed by top industry designers, exclusively for. For Other Products Click Here to InquireOr Call Toll Free 8005482706, Phones M&F 8:30-7:00 Tu-Th 8:30-6:00 Sat 9-4, Stanton is the mostly wool line of high end, designer styles that are only available through select flooring showrooms. Read more about benefits at Stanton Carpet. By visiting this website, certain cookies have already been set, which you may delete and block. We look forward to working with Erin through July and the McGoverns on a long-term basis to grow the Cavan business and overall hand-loomed category, Cohen said. from 8 AM - 9 PM ET. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. Founded in 1980, Stanton Carpet Corporation was built on the mission to create a brand that was synonymous with style and value for the decorative market. Resources, softwares, competitive salary, handful of people, Strict, Rude, Anti-Social, No Room for Growth. a many hats company which doesn't reward individuals according to service and loyalty. Cavan will show separately but across from Stanton at Surfaces in Feb 2022. Our community is ready to answer. Good yearly raises and decent room to grow. Stanton carpetsall have patterns designed by top industry designers, exclusively forStanton carpetsand rugs all available atAmerican Carpet Wholesalers at savings of up to 60%! Dune Point has been investing alongside business owners and their management teams since its inception in 2013 and is committed to sharing its extensive resources and experience in specialty distribution and building products to support Stantons long term growth strategy. BB&T Capital Markets served as financial advisor to Stanton on the transaction. Stanton now encompasses multiple brands that enclose all facets of decorative flooring including Antrim. Jonathan Cohen, Stanton President and Chief Operating Officer, stated, Stanton prides itself on providing value across the board. Ask a question about working or interviewing at Stanton Carpet. Minneapolis, Minnesota Norwest Equity Partners (NEP), a leading middle market investment firm, has announced that it has made a significant majority investment in Stanton Carpet Corporation, (Stanton or the Company), a leading distribution company offering a variety of decorative high quality, branded soft floor covering products for the residential market. Learn more about work-life balance at Stanton Carpet. Quad-C acquired Stanton Carpet from Norwest Equity Partners (NEP) in November 2016. Stanton Carpet Corporation was built on the mission to create a brand that was synonymous with style and value for the decorative market. Stanton is recognized today as one of the nation's leading manufacturers and importers of decorative, high-quality branded carpet and custom rugs. This acquisition builds on Stantons market position as a leader in the premium carpet niche, utilizing its account base, logistics, product development capabilities and outstanding customer service which have been the platform for growth at Stanton. Cavan serves the higher end residential market with an exceptional wool-based hand-loomed product line with a focus on unique textures. Founded in 1980 by Sy Cohen, Stanton was built on the mission to create a brand synonymous with style and value for the decorative market. WhatsApp acquired by Facebook). Not a diamond company. This new partnership is a win-win as the Cavan product line complements Stantons existing hand-loomed products while we work to develop even more amazing hand-loomed carpets and rugs for you to market and make strong margins. From the moment I entered Stanton's front entrance, I was welcomed by warm feeling from every employee I encountered. Stantons new affiliation with Dunes Point Capital is a strategic partnership based on long-term growth plans, the company said.