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Sport Court, Inc., a portfolio company of The Riverside Company, has completed the acquisition of Connor Sports Flooring, Inc. 01.18.05
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January 18, 2005 - Sport Court, Inc., a portfolio company of The Riverside Company, has completed the acquisition of Connor Sports Flooring, Inc., a leading producer of hardwood sports flooring systems. Founded in 1872, Connor is highly respected and has the leading market share in the wood sports flooring industry. Connor is headquartered in Arlington Heights, Illinois, with a production facility in Amasa, Michigan. www.connorfloor.com
The Riverside Company, with offices in New York, Cleveland, Dallas and San Francisco, is a leading private equity firm investing in premier companies at the smaller end of the middle market. The firm has nearly $1.3 billion of capital under management. Since its inception in 1988, Riverside has invested in 93 acquisitions across a variety of industries through its four funds and other investment vehicles. Riverside's current portfolio numbers 32 companies. www.riversidecompany.com
Sport Court, the platform company to which Connor will be added, is the leading provider of residential game courts and portable floor solutions, and is a niche leader of modular synthetic sports flooring within the larger hard-surface flooring industry. Sport Court, based in Salt Lake City, Utah, has a strong brand name, an established distribution network, and alliances with major worldwide sports associations such as the NBA, NCAA, and USA Volleyball. www.sportcourt.com
Connor was previously owned by Code Hennessy & Simmons, LLC (CHS), a Chicago based private equity firm that manages approximately $1.5 billion in capital in four funds. As CHS approached the end of its investment horizon in Connor, CHS and Connor engaged Duff &amop; Phelps, LLC to help evaluate a range of potential partners.
Duff & Phelps initiated the transaction, assisted in negotiations, and served as the exclusive financial advisor to Connor Sports Flooring. Duff & Phelps is a national investment banking and financial advisory firm focused on providing merger and acquisition, private placement, valuation, financial opinion and restructuring services. Since 1932, Duff & Phelps has been committed to delivering independent advice and service of exceptional quality to a broad range of public and private companies.
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