ANAHEIM, Calif.--(BUSINESS WIRE)--Select Interior Concepts, Inc. ("SIC"), a holding company for the
consolidation and management of companies focused on interior building
products and services, announced today its Residential Design Services
("RDS") subsidiary acquired Greencraft Interiors (“Greencraft”), a
design, service, and product installation business headquartered in
Phoenix, Arizona.
Greencraft offers a full-service design center with expert design
consultation for interior related products such as cabinets,
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countertops, flooring, window coverings, plumbing fixtures, lighting,
paint and much more.
"Greencraft Interiors is a market-leading business with a relentless
focus on exceeding customer expectations, which perfectly complements
RDS’ service model,” said Tyrone Johnson, CEO of Select Interior
Concepts. “This acquisition provides RDS product and geographic
diversification, as well as increased cross-selling opportunities. We
look forward to working with the Greencraft team as they continue to
grow.”
“The Phoenix market is ripe for opportunities given the uptick in its
population growth according to data from the U.S Census Bureau. Sectors
such as real estate are rebounding to pre-recession norms, creating
opportunity for new home construction and sales. In fact, the Greater
Phoenix Blue Chip real estate consensus projects strong gains for single
and multi-family permits in 2018, suggesting a strong market,” stated
Mr. Johnson.
About Greencraft Interiors
Based in Phoenix, Arizona and with operations in five states, Greencraft
Interiors provides delivery and installation of cabinets, all types of
flooring and doors across a broad base of customers. Greencraft is
partnered with industry leading cabinet suppliers such as Mastercraft
Cabinets, Yorktowne Cabinetry and Executive Cabinetry. Flooring Partners
are Shaw, Mohawk, Dal Tile, Marazzi, Emser Tile, Arizona Tile, and
Longust Distributing. Suppliers are carefully selected to ensure quality
products are offered to all Greencraft customers. Greencraft has
experienced designers that are available to meet customers at the design
center to help create interiors that match their lifestyle. The design
center provides one meeting place to make all of your interior
selections.
About Residential Design Services
Headquartered in Anaheim, California, Residential Design Services has
been partnering with builders since 1988, offering their homebuyers a
brilliant interior design experience, while delivering outstanding
quality, products, installations and service. RDS offers builders’
homebuyers a wide selection of finishing products including flooring,
cabinetry, walls and counters, shower enclosures, finish carpentry,
hardware and featured options. To learn more about RDS, visit www.resdesign.com.
About Select Interior Concepts, Inc.
Select Interior Concepts, Inc. ("SIC" and the "Company"), a newly formed
Delaware corporation, has been created as a holding company for the
consolidation and management of companies focused on interior building
products and services. Concurrent with the formation of SIC, Residential
Design Services (“RDS”) and Architectural Surfaces Group (“ASG”) have
become the first two wholly owned subsidiaries of SIC. Prior to the
formation of SIC, RDS and ASG were independent portfolio companies owned
by Trive Capital.
Contacts
Select Interior Concepts, Inc.
Media Inquiries
Prosek Partners
Janelle
Joseph/Josette Robinson
212-279-3115
or
Investor
Relations
Porter, LeVay & Rose, Inc.
Marlon Nurse, D.M.,
212-564-4600
Senior Vice President