Virginia Tile Acquired by Transom, Combining with Galleher

June 25, 2024, from Floor Focus FloorDaily News

Los Angeles, CA, June 25, 2024 – Transom Capital Group, a middle market private equity firm, has acquired Virginia Tile Company.

Virginia Tile is a Midwest-based specialty distributor of tile, decorative surfaces and installation accessory products, headquartered in metro Detroit, Michigan.

Virginia Tile will be joining forces with Galleher to create a flooring and tile products distributor of national scale with unique product development, merchandising and fulfillment capabilities.

Galleher is the largest floorcovering distributor in the western U.S. and the third largest flooring distributor in the U.S. offering hardwood flooring, luxury vinyl plank and installation accessories. Virginia Tile is the leading tile distributor in its core Midwest markets, with 19 showrooms across 12 states, offering a vast assortment of tile and decorative surfaces products. The companies sell to the professional consumer, including flooring contractors, dealers and showrooms, commercial installers, builders, designers & architects, and other customers.

The combined company will be led by Sunil Palakodati as CEO, who will also remain president of Virginia Tile; Rick Coates as president of Galleher; and David Burke as CFO. Palakodati brings 22 years of building products industry experience, including four years as CEO of Architectural Surfaces Group. Burke was most recently CFO of Skybridge Technologies and has more than 20 years of experience in finance and accounting, including ten as a CFO. Coates has 47 years of industry experience. With the acquisition of Virginia Tile, Transom Capital will exercise its deep operational knowledge and expertise to integrate the two companies, working alongside management to drive growth across geographies, new product introductions and market expansion.