Impact Property Solutions Expands to Florida with Acquisition of Cutting Edge Carpet

Impact Property Solutions (“Impact”), a Dallas, Texas-based portfolio company of Blue Sage Capital (“Blue Sage”) headquartered in Austin, Texas, is proud to announce its acquisition of Cutting Edge Carpet (“Cutting Edge”), a Florida-based provider of flooring products and installation services to multifamily properties and developers. Headquartered in Orlando with additional operations in Jacksonville, Gainesville, and the broader northeast corridor of Florida, Cutting Edge opened its doors in 1997 and continues to be led by founders Lance and Joan Smith, who will be staying on with Impact.

After Impact’s acquisition of Got You Floored in North Carolina in September 2021, this represents the second transaction since Impact began its partnership with Blue Sage at the end of 2020, further solidifying Impact’s presence in the Sun Belt as a leading multifamily flooring solutions provider. Impact will continue to build out its platform in Florida, the Carolinas, and across the broader Southeast both organically and inorganically.

“We are thrilled to bring Lance, Joan, and the whole Cutting Edge team into the Impact family,” said Kerry Jones, CEO of Impact Property Solutions. “The deep customer relationships, the strength of the Smiths’ leadership, and the impressive team the Smiths have cultivated are all hallmarks of what Impact seeks in a partnership. Just as we are eager to bring Impact’s resources and relationships to bear in the Florida market, we are also eager to migrate Cutting Edge’s best practices across our markets. This acquisition further demonstrates our commitment to better serve our national property management customers across the Sun Belt.”

“The Cutting Edge Carpet team is delighted to have found such a strong partner in Impact Property Solutions,” said Lance and Joan Smith, founders of Cutting Edge. “Kerry and the team spent considerable time with us discussing our visions and strategies for improving the customer and employee experience, and we are confident our alignment will enhance both.”

Blue Sage Capital’s strategic investment in Impact at the end of 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, “Our Impact platform continues to deliver top-notch service and effectively expand its footprint, initially with Got You Floored, and now with Lance and Joan at Cutting Edge in Florida. Time spent with the Smiths has affirmed their excellent reputation, and we are excited to have them join the Impact team.”

Impact is continuing to seek add-on acquisition targets who offer similar or complementary services in new markets.

About Blue Sage Capital

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 $200 million of revenue.

For questions or inquiries, please contact Jonathan Pearce or Richard Hunt at 512-536-1900.