Impact Floors (“Impact”), a portfolio company of Blue Sage Capital (“Blue Sage”), announced it has acquired Got You Floored, Inc. (“GYF”), a Greensboro, NC-based provider of flooring products and installation services to multifamily properties and developers. GYF also provides full spectrum flooring solutions to single family homeowners through its distinct retail center with dedicated design teams. Under the leadership of Founder Matt Ketterman, GYF has established a leadership position in the fast-growing Piedmont-Triad region of North Carolina and also serves customers in neighboring states.
This transaction marks the first acquisition Impact has completed since partnering with Blue Sage at the end of 2020 and will serve as a platform from which to expand to adjacent geographies throughout the Carolinas and across the broader Southeast.
“GYF has built an outstanding reputation for exceptional service with its longstanding customers in North Carolina, ” said Kerry Jones, CEO of Impact Floors. “We are excited about the opportunity this partnership presents to serve our national property management customers outside our home state of Texas. Moreover, our organizations share very similar values, culture and a philosophy of delivering top notch services in a timely and dependable manner.”
“Our team is eager to partner with Kerry and the entire Impact Floors team,” said Matt Ketterman, Founder of Got You Floored. “Throughout the process, Impact has been great to work with, and I believe this partnership will provide the resources and scale to deliver a compelling and unique service offering in our market.” Ketterman will be staying on to assist Impact on its growth throughout the Carolinas.
Blue Sage Capital’s strategic investment in Impact in late 2020 allowed the company to solidify its leadership position in Texas and further expand its service offering and market coverage. Jonathan Pearce, Partner at Blue Sage, noted, “We are thrilled to complete the addition of Got You Floored to the Impact platform. GYF has an excellent track record of customer satisfaction in North Carolina and we look forward to our partnership with Matt as we seek to continue our expansion in the southeast.”
Impact is continuing to seek add-on acquisition targets who offer similar or complementary services in new markets.
About Impact Floors
Headquartered in Dallas, Texas, Impact is a leading provider of quick-turn flooring and countertop replacement services to multifamily owners and operators across Texas and the Carolinas. Over the past three decades, Impact has expanded its service offering to cover multiple aspects of the apartment make ready process, as well as its geographic footprint, which now includes five locations throughout the state of Texas and one location in North Carolina.
About Blue Sage
Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $400 million of assets under management and seeks to partner with founders, families and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions or specialty services industries. Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $125 million of revenue.