The management team of Bentley Prince Street announces that it has entered into an agreement to acquire the company from its parent, Interface, Inc., and return the commercial carpet manufacturer to a privately-owned entity.
The transaction is expected to close within the next few weeks.
Management, making the purchase together with Dominus Capital, a private equity investment firm, plans to capitalize on the company’s over-30 year history of designing award-winning commercial carpet products to expand its broadloom, carpet tile and area rug businesses worldwide.
“This upcoming chapter in our company’s history is exciting for our associates and our industry because we are setting big goals for growth that will provide a huge burst of energy for all of us,” says President and CEO Anthony Minite. “Bentley Prince Street has long been celebrated for design excellence and an entrepreneurial spirit, and that spirit is what motivates us to be better and stronger than our competitors.”
Partnering with Dominus Capital will afford Bentley Prince Street the ability to acquire new technology, which will allow the company to continue its leadership in the areas of design and innovation. In addition, management plans to expand the company’s carpet tile and area rug programs in the U.S. and abroad.
Bentley Prince Street is the largest commercial carpet manufacturer in California and it will continue to operate in its LEED-certified facility in Los Angeles. Bentley Prince Street is also the first manufacturer in California and one of only three companies in the state selected to Pilot ISO 50001 by the Department of Energy.