L2 Capital has completed the acquisition of Robbins Sports Surfaces, Inc., a vertically integrated, market leading manufacturer of hardwood basketball floors, whose customers include elementary, middle, and high schools as well as colleges and NCAA and NBA teams. The Company also manufactures hardwood floors for dance and other sports and is the exclusive North American distributor of Pulastic brand synthetic floors. Terms of the transaction were not disclosed.
Robbins is a multi-generational family business. Founded in 1894, the Company is headquartered in Cincinnati with manufacturing and milling operations in Wisconsin and Michigan.
Robbins has earned its reputation as the innovation leader in the hardwood sports flooring market by continuously refining and improving its floor and subfloor solutions, with a focus on athletes’ safety. The Company is the only vertically integrated participant in this space, as it proprietarily sources most of its logs, and then mills and manufactures the wood into sports and dance flooring.
PNC Business Credit and Merion Investment Partners provided debt financing for this transaction; Merion co-invested. Robbins was advised by SDR Ventures.
