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has been acquired by

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Merit is the leading distributor of paint sundries, flooring products, and related installation supplies.

Senior Team

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Frank H. "Bo" Briggs, III

Managing Director

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Neale Fisher

Managing Director

 Matt Veal in a suit smiling

Matt Veal

Managing Director
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The Merit Distribution Group

Type

M&A Sell-Side

Description

Merit, a portfolio company of Centre Lane Partners, a leading distributor of paint sundries and flooring products engaged Croft & Bender to advise the Company through a full exclusive sale process, including building a financial model, developing marketing materials, conducting management presentations, managing due diligence, and negotiating the successful sale to Center Rock Capital Partners.

Industries

Industrial
shape

has been acquired by

a black and white sign

Merit is the leading distributor of paint sundries, flooring products, and related installation supplies.

About

Merit, a portfolio company of Centre Lane Partners, is the leading distributor of paint sundries and flooring products and installation supplies, distributing over 30,000 products from approximately 600 manufacturers who trust Merit to reliably deliver products to more than 11,000 customers in the Americas, as well as Australia and Poland.


Situation

Merit and Centre Lane Partners engaged Croft & Bender to advise the Company through a full exclusive sale process. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process, and negotiate with buyers.


Result

Croft & Bender successfully negotiated the sale of the Company to Center Rock Capital Partners.

News Release

Croft & Bender Serves as Financial Advisor to The Merit Distribution Group, a portfolio company of Centre Lane Partners, in its Sale to Center Rock Capital Partners