Stanton Carpet Corporation, a Syosset, New York-based distribution company offering a variety of decorative branded soft floor covering products for the residential market, has received a significant majority investment from Norwest Equity Partners.
Norwest Mezzanine Partners provided mezzanine financing for this transaction. Additional financing was provided by GE Antares Capital, PNC Capital Markets, and NXT Capital.
The company intends to use the proceeds from the investment to grow and gain market share.
Founded in 1980 by Sy Cohen, Stanton offers brands including Stanton Carpet, Royal Dutch Carpets, Antrim, and Rosecore. Clients include more than 3,500 customers comprised of independent retail floor showrooms, architecture and design firm showrooms, and catalog and internet retailers.
The company, which employs more than 100 people, has a distribution facility in Calhoun, Georgia. It was a portfolio company of Linsalata Capital Partners.