Source Capital is pleased to announce it's investment in MFLGH, Inc. ("MGroup" or the "Company"), a leading provider of interior building products to the hospitality end market and other end markets throughout the United States. Source Capital's SBIC fund provided debt financing to support the acquisition of the Company by the existing President & CEO, Bo Burdette, and other executive team members. Mr. Burdette was represented by Mazzone & Associates, an M&A advisory firm headquartered in Atlanta, GA.
Founded in the early-2000's and headquartered in LaGrange, GA, the Company maintains a broad portfolio of building products and materials for the hospitality, multi-family, and student housing industries, including shower pans, shower doors, shower surrounds & accessories, custom cabinetry, Ultracera® countertops, sinks, and flooring. MGroup's products are designed to meet the unique requirements of its customer base for both renovation and new build projects. Through its customer-centric approach and commitment to quality, the Company has been selected by multiple hospitality brands as their preferred vendor for a variety of products.
"We loved working with Stuart Sanford at Mazzone and Bo to get this over the finish line and are excited to partner with Bo and the other executive team members with our investment in MGroup," said Joe Rodgers, Managing Director at Source Capital. "The Company has an impressive track record of providing best-in-class products and services to its growing customer base, and we look forward to supporting MGroup in this next chapter."
About Source Capital
Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.