Article Number: 9212
Fishman Flooring Solutions Expands Footprint in Ohio and Kentucky with Purchase of Tri-State Floor Covering Supplies
BALTIMORE, MD., April 13, 2015 – Fishman Flooring Solutions has announced its purchase of Tri-State Floor Covering Supplies effective today. Tri-State, which has been distributing products to the flooring installation industry since 1974, is headquartered in Cincinnati, Ohio and operates two branches in Columbus, Ohio and single locations in Dayton, Ohio and Crescent Springs, Kentucky.
“Acquiring Tri-State, in conjunction with Fishman’s established presence in the Akron, Cleveland, Columbus and Toledo areas, gives our firm a solid base across the entire Ohio market and creates a platform for expanding our business in Kentucky and other nearby states,” said Bob Wagner, president and CEO of Fishman Flooring Solutions. “Strategic acquisitions like this are part of our plan for growth, as are building our business organically and expanding our product portfolio.”
The goal of the Tri-State acquisition, according to Wagner, is for the combined organization to be stronger than were the separate businesses. Tri-State customers will now benefit from Fishman’s unyielding focus on delighting the customer, its complementary product lines, as well as the state-of-the-art technology the firm uses to operate its business. This includes web order entry and remote access to product information, advanced truck routing and state-of-the-art purchasing capability, which enables Fishman to quickly fill special orders.
Based on its previous acquisitions, Fishman anticipates a seamless transition to new ownership for Tri-State customers. Key members of the Tri-State team will join Fishman Flooring Solutions and Tri-State founder Greg McSwain will be involved in the firm’s day-to-day operations for the forseeable future. The newly-acquired branches will operate under the name Tri-State Fishman Flooring Solutions.
Fishman Flooring Solutions, headquartered in Baltimore, Maryland, is the “Solutions Provider” distributor of flooring installation products. It has approximately 175 employees and 33 branches serving Delaware, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia. The firm distributes more than 36,000 products for 75 vendor partners.
“Acquiring Tri-State, in conjunction with Fishman’s established presence in the Akron, Cleveland, Columbus and Toledo areas, gives our firm a solid base across the entire Ohio market and creates a platform for expanding our business in Kentucky and other nearby states,” said Bob Wagner, president and CEO of Fishman Flooring Solutions. “Strategic acquisitions like this are part of our plan for growth, as are building our business organically and expanding our product portfolio.”
The goal of the Tri-State acquisition, according to Wagner, is for the combined organization to be stronger than were the separate businesses. Tri-State customers will now benefit from Fishman’s unyielding focus on delighting the customer, its complementary product lines, as well as the state-of-the-art technology the firm uses to operate its business. This includes web order entry and remote access to product information, advanced truck routing and state-of-the-art purchasing capability, which enables Fishman to quickly fill special orders.
Based on its previous acquisitions, Fishman anticipates a seamless transition to new ownership for Tri-State customers. Key members of the Tri-State team will join Fishman Flooring Solutions and Tri-State founder Greg McSwain will be involved in the firm’s day-to-day operations for the forseeable future. The newly-acquired branches will operate under the name Tri-State Fishman Flooring Solutions.
Fishman Flooring Solutions, headquartered in Baltimore, Maryland, is the “Solutions Provider” distributor of flooring installation products. It has approximately 175 employees and 33 branches serving Delaware, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia. The firm distributes more than 36,000 products for 75 vendor partners.
.gif) |