Artivo Surfaces Acquires Tom Duffy Company to Strengthen Market Lead in Tile and Flooring Industries
LIVONIA, MI AND LOS ANGELES, CA -- Artivo Surfaces, the Transom Capital-backed parent company of Virginia Tile, Galleher and Trinity Hardwood, is acquiring Tom Duffy Company, a strategic move that significantly strengthens Artivo’s position as a market leader in the tile and flooring industries. With its extensive portfolio of installation materials, hardwood, luxury vinyl tile (LVT) and tile solutions, Tom Duffy brings valuable expertise and a diverse product offering to Artivo’s growing family of products and capabilities.
“For over 70 years, Tom Duffy has earned its place as a trusted partner in the flooring industry,” said Sunil Palakodati, CEO of Artivo Surfaces. “This acquisition expands Artivo’s platform and strengthens our core capabilities. By bringing together Tom Duffy’s exceptional team, strong industry relationships and loyal customer base, we’re enhancing our ability to serve residential and commercial markets across the country with a broader range of flooring solutions.”
Anne Funsten, president, and CEO of Tom Duffy Company, expressed her enthusiasm about joining Artivo Surfaces. “We are thrilled to become part of Artivo Surfaces,” she said. “This partnership not only enables us to scale our business, but also preserves the legacy we have built in an ever-changing market. Artivo’s forward-thinking vision and robust resources create the perfect foundation for our continued growth while allowing us to strengthen the trusted relationships we have nurtured over the decades.”
“This acquisition marks an exciting milestone as Artivo continues to expand its reach and capabilities,” said Steve Kim, principal at Transom Capital Group. “Tom Duffy has been well known on the West Coast for decades, and their inclusion in the Artivo family strengthens its ability to provide customers with even more comprehensive and innovative solutions. Tom Duffy is Transom Capital’s third acquisition in less than 12 months in this vertical, and we are proud to support Sunil and his leadership team in building a premier surfaces platform.”
Kirkland & Ellis LLP served as legal advisor to Transom Capital and PNC Bank, N.A. and Blue Torch Capital provided debt financing for the transaction. Wood Warren served as the exclusive financial advisor and Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to Tom Duffy.
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