Florac

Company

Diverzify is a leading commercial flooring installation and services provider offering its services nationwide through its wide facility footprint and broad network of vetted subcontractors. Due to its breadth of offerings and quality of service, Diverzify is a preferred flooring services provider to small and medium-sized enterprises and large blue-chip customers alike.

Investment

In May 2021, Diverzify was acquired by ACON Investments (“ACON”), a middle market-focused private equity firm. In August 2021, Florac joined the cap table alongside ACON and Diverzify’s founding family. With this additional financial backing, Diverzify is well-positioned to sustain its organic and inorganic growth ambitions, enabling the expansion of its service offering and geographic footprint.

Key achievements

Since investment, Diverzify has completed several acquisitions, solidifying the Company’s leading market position and status as a primary consolidator of the commercial flooring services sector. These acquisitions have been supplemented by various initiatives, which serve to improve the level of service rendered to customers and enhance Diverzify’s best-in-class operations.

Investment date

August 2021

Status

In portfolio

Sector

Business Services

Investment type

Minority Investment

Headquarters

Itasca, IL, USA