L2 Capital introduced that it has accomplished the acquisition of Robbins Sports activities Surfaces, Inc., a producer of hardwood basketball flooring, whose clients embody elementary, center, and excessive faculties in addition to faculties and NCAA and NBA groups. The corporate additionally manufactures hardwood flooring for dance and different sports activities. Phrases of the transaction weren’t disclosed.
Robbins is a multi-generational household enterprise. Based in 1894, the corporate is headquartered in Cincinnati, Ohio, with manufacturing and milling operations in Wisconsin and Michigan. The corporate proprietarily sources most of its logs, after which mills and manufactures the wooden into sports activities and dance flooring. Robbins primarily sells its flooring via an unique vendor community but in addition sells its moveable flooring on to NCAA and NBA clients.
Bob Levine, managing accomplice of L2 Capital, stated, “L2 Capital has a sturdy historical past of partnering with family-run, market leaders and serving to these corporations scale of their respective niches, in addition to develop in adjacencies by deploying our proprietary strategic planning and execution framework. We’re excited to accomplice with Robbins and look ahead to offering athletes and fans of all ranges with the most secure, highest high quality surfaces.”
Todd Braun, president and CEO of Robbins, famous, “I’m elated to accomplice with L2 Capital to proceed Robbins’ progress; I imagine that collectively we’ve got a wonderful alternative to higher serve present and new clients in a number of flooring and exercise associated markets. We considered L2’s operational method, core values and monetary outcomes with corporations in related conditions as important differentiators.”