Long Point Capital
Date of Announcement: 9/9/2008
Artistic Holdings Opens Charlotte Office and Seeks Add-on Acquisitions

Long Point Capital’s portfolio company Artistic Holdings, Inc., North America’s largest provider of turnkey staircase and railing solutions to large and custom homebuilders, recently opened a new office in Charlotte, North Carolina through the acquisition of selected assets from Image Design Staircases, the Charlotte division of Plymarts. “We look forward to expanding our presence in the Southeast and continuing to build the Artistic platform” said J.W. Williams, President of Artistic Holdings.

Artistic is actively seeking acquisitions of businesses engaged in the sale and installation of residential building products. Through its offices in Atlanta, Calgary, Charlotte, Edmonton, Phoenix and Tucson, Artistic currently sells and installs staircase railings and custom, construction-grade curved staircases. Current Artistic customers include homebuilders, remodelers, and homeowners. To learn more about Artistic please visit www.artisticstairs.com

The primary acquisition criteria are below:

  • Direct-to-builder installation model
  • Geographic focus: Southeastern U.S. and Alberta, Canada, and other geographies in North America opportunistically
  • Minimum $5mm in revenue
  • Strong management team
  • Strong cash flow
Target home-enhancement products include:
  • Stairs & railings
  • Flooring
  • Countertops
  • Bathroom fixtures
  • Cabinets
  • Doors and windows
  • Custom iron work

Related products and services will also be considered.

Please contact Alex Mendez at amendez@longpointcapital.com or (212) 593-1800 with any deal referrals or ideas. Appropriate referral fees for completed transactions will be paid. We look forward to hearing from you.

Long Point Capital is an investment fund with offices in Michigan and New York which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages $315 million of capital and focuses on recapitalizations of manufacturing, distribution, and service companies with revenues between $30 million and $200 million.