Blue Point's Shnier-Gesco buys Tierra Sol Ceramic Tile
Shnier-GESCO LP, a portfolio company of U.S. private equity firm Blue Point Capital Partners, has acquired Tierra Sol Ceramic Tile Ltd, a Canadian distributor of ceramic and porcelain tile, glass and metal accents, and natural stone products. No financial terms were disclosed. Blue Point said Tierra Sol will operate as an autonomous sister division to Shnier-GESCO, a distributor of floor coverings, and enhance the latter's product capabilities and geographic footprint. Based in Brampton, Ontario, Shnier-GESCO was acquired by Blue Point in March 2013. It was sold by Canadian private equity firms Ironbridge Equity Partners, Signal Hill Equity Partners and Penfund.
6 April 2016•3 mins read
