Blue Point Capital-backed GESCO acquires Savoia Canada

GESCO Holdings, a portfolio company of U.S. private equity firm Blue Point Capital Partners, has acquired Savoia Canada Inc, a Toronto distributor of ceramic, porcelain and stone surfaces for floor and wall applications. No financial terms were released for the add-on deal, GESCO's second since it was bought by Blue Point in 2013. Founded over 50 years ago, Savoia is the domestic distribution arm of GranitiFiandre-Stonepeak. Its acquisition by GESCO, a Brampton, Ontario flooring and multi-surface distribution company, will strengthen the latter's presence in the ceramic distribution market and enhance its offerings, Blue Point's Jon Pressnell said.

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