CARPET KING, INC.

Minneapolis, Minnesota – Quazar is pleased to announce Carpet King, Inc. has been acquired by 31st Street Capital, LLC. Quazar advised Carpet King in the transaction.

The Shareholder of Carpet King made a strategic decision to transition the business in order to focus on other business endeavors and to augment Carpet King’s leadership team with additional industry experience. The Shareholder chose Quazar as their M&A Adviser primarily due to Quazar’s unique marketing approach, extensive network, industry experience, and reputation for successfully working with privately-held businesses.

After an extensive marketing process, the Shareholder ultimately decided that a family office with an existing flooring company that could offer significant synergies would be the best fit to continue to expand the business and create new opportunities for its employees.

“Quazar was highly professional throughout the entire process. They came through by identifying a well-qualified buyer, and they were invaluable in leading the deal to an expedited and successful closing. I am excited for the future of the business as well as the opportunity for the employees to grow under new and experienced ownership.” – Bill Bailey, President and Shareholder of Carpet King

Carpet King (carpetking.com) is a full-service floor covering dealer that has been servicing the Twin Cities community since 1946. For many decades, the Company has been the premiere residential replacement flooring retainer in the Twin Cities. The Company operates 11 retail locations under the Flooring Expo by Carpet King name and two wholesale locations under the Trade Direct name. Additionally, the Company offers shop-at-home services. Carpet King is headquartered in Minneapolis, Minnesota.

31st Street Capital (31stcapital.com) is a family-owned Holding Company that was founded in 2018, by Nick and Erin Bock. Their unique business approach is centered around finding companies with existing management teams in place, then investing in those teams and businesses with the goal of holding and growing them long term. 31st Street Capital is intentional about choosing the right companies to add to their portfolio and believe in making an impact with its employees, its companies and in the communities they serve.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.