Boxwood Partners is pleased to announce the sale of Granite Garage Floors (“GGF” or “the Company”), a franchisor that provides customized garage floor coatings for residential and commercial customers, to Threshold Brands, a portfolio company of The Riverside Company.
Boxwood Partners, a leading boutique middle-market investment bank based in Jupiter, FL, acted as the exclusive sell-side advisor to Granite Garage Floors on the transaction. The transaction was led by J. Patrick Galleher (Managing Partner), Brian Alas (Managing Director), Madison Day (Vice President), and Colby Carter (Analyst). The terms of the deal were not disclosed.
Founded in 2009 by Alan Mishkoff, GGF operates through a network of 14 franchised locations across the U.S. GGF has rapidly become one of the leading concrete coating companies in the industry that focuses on residential garage floors. The Company’s proven coating system upgrades concrete surfaces to “Look and Last Like Granite” in a variety of niche finishes to upgrade garage floors, basements, patios, and commercial buildings. The Company has installed over 10,000,000 square feet across 20,000 new garage floors within the broader $2 billion garage services market.
“Alan has built an impressive business, bringing an organized and professionalized approach to a highly fragmented category,” said Brian Alas, Managing Director of Boxwood Partners. “The Company’s unique value proposition and premium product is poised for growth within the underpenetrated garage market. In addition, GGF provides homeowners with the ability to enhance property values in a cost-efficient manner as compared to larger renovations or improvements. The partnership with Threshold will provide the Company immediate access to additional resources to accelerate the growth of their system.”
“From start to finish, Boxwood went above and beyond to ensure we received the best outcome with the right partner” said Alan Mishkoff, Owner of Granite Garage Floors. “Their knowledge of the industry and expertise on transaction execution was invaluable as we navigated this process.”
Lane Fisher and JoyAnn Kenny of Fisher Zucker served as legal counsel.
May 22 2022