Swiff-Train Co.'s management team has recapitalized the company in partnership with Stonebridge Partners of White Plains, N.Y.
Swiff-Train’s management team will retain a significant ownership stake, according to the company. Sperry, Mitchell & Co. initiated this transaction, assisted in the negotiations and served as exclusive financial advisor to Swiff-Train.
Swiff-Train is a full-line supplier and distributor of floor covering products. The company offers a broad range of hardwood, vinyl, carpet, ceramic and laminate flooring products, as well as related flooring accessories. Swiff-Train also designs, sources, and markets its own branded line of luxury vinyl tile, called EarthWerks.
Stonebridge Partners was founded in 1986 as an operations-oriented private equity firm focused on recapitalizing and acquiring growing middle-market businesses ranging in value from $30 to $200 million.
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