To manage strong growth in residential polished concrete, the owner of Durmiline sought an active partner to strengthen the existing team. The entry of this partner was structured as an owner buy-out. Durmiline was acquired by a new holding company formed by the current owner and investors. The current owner can thereby liquidate part of their ownership while retaining a stake in the company by reinvesting in the holding. Durmiline has existed since 1963 and offers decades of experience with countless references in private, commercial, and industrial floor applications, both indoor and outdoor. Polished concrete floors are on the rise. The product is sleek, stylish, competitively priced, and can be offered in various colors and finishes. The end customers are mainly private homebuilders, but new projects also come from architects and developers who appreciate the company’s quality.
Overnamepartners guided the selling shareholder.
