New York Entity buys Nashville-based tile company
This article was originally published in the Nashville Post.
Decosimo Corporate Finance has announced it advised in New York-based Stone Source’s acquisition of Mission Stone and Tile of Nashville for an undisclosed sum.
With the purchase, Mission Stone Founder and Chief Executive Officer Mary Elizabeth Oropeza has joined Stone Source’s Nashville office as director of residential design and procurement, according to a release.
Oropeza launched Mission Stone and Tile, which she describes as a “luxury hard-surfaces provider,” in 2006 on Sidco Drive in South Nashville.
“Finding the right buyer for a business like Mission Stone & Tile — which was homegrown in the sense that it started from a kitchen table idea of a Tennessee entrepreneur and grew into a commodity with national reach — was a task in itself,” Charlie Gerber, DCF director who assisted with the Mission Stone & Tile deal, said in the release. “But our team was able to position Mary Elizabeth and her company in a way that best showcased her potential.”
In an unrelated transaction, DCF advised the merger of J+J Flooring Group and Engineered Floors, both of which are based in Dalton, Georgia. Terms were not disclosed in the release.
Based in Chattanooga and with three offices in the Nashville-area, DCF bills itself as a sell-side advisory firm specializing in middle market transactions.
Posted on July 20, 2016
by Waterhouse General filed under