Dalton—BAMR Holdings, part of a family of companies owned by Lumber Liquidators founder Tom Sullivan, has agreed to purchase the assets and business operations of Southwind Carpet & Hard Surface. The transaction is expected to close in the second quarter of 2021.
Following the purchase, Southwind executives Richard Abramowicz, executive vice president and chief marketing officer, and Richard Hatch, president, will retire. Bret Perkins, currently vice president of hard surfaces, will become president of Southwind.
BAMR Holdings includes Cabinets To Go, a specialty retailer of cabinets, closets and flooring; Gracious Home, a luxury home goods retailer; and Thos Baker, a provider of fine outdoor furniture.
Perkins told FCNews that Cabinets To Go has been a customer of Southwind’s hard surface products and are sold under the retailer’s XRP Flooring brand. As for the acquisition, he said, “there are a lot of synergies around freight, specifically on the import side by combining volumes of both companies for better service and rates and domestically in delivering our product to our existing dealers. There will be increased inventories of current products as well as additional products to better serve existing customers and target projects/ builder/multi-family.”
Perkins said that he, Jason Delves, CEO of BAMR, and Randy Lovelace, now executive vice president of sales for Southwind, have a 15-year history of working together in various roles in flooring.