Global Integrated Flooring Solutions Announces Formation

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New Canaan, CT – February 16, 2018 – Global IFS, a new company specializing in energy efficient flooring solutions, announced its formation today with its portfolio including Camino Systems, Hi-Tech Data Floors, and the Haworth access flooring division, marketed under the name of TecCrete. Global IFS was formed to be the North American leader in raised flooring systems, that includes access flooring, modular power and underfloor air distribution products. The combined business will now have state of the art manufacturing capabilities in both the U.S. and Canada, along with a widespread distribution network and a comprehensive suite of services including engineering, project management and installation. Haworth will continue to have a minority ownership position in Global IFS and, through its dealers, collaborate on future projects. “With manufacturing plants in Kentwood, Michigan, and Toronto, Ontario, Global IFS unites manufacturing and distribution excellence to create the North American leader of raised flooring system solutions,” said Darryl Rosser, Global IFS Executive Chairman. “The company has unparalleled knowledge and expertise in delivering solutions for high performing, flexible and sustainable buildings that maximize return on investment.” The TecCrete product line is a recognized industry standard in the raised access floor market for its performance and flexibility. Raised access floors and underfloor air provide the architectural foundation for today’s sustainable offices, higher education, data center and gaming floor spaces that are responsive, cost-efficient and design savvy. “Raised access flooring continues to be a significant component of Haworth’s organic workspace promise and we are excited about ongoing applications in our portfolio,” said Franco Bianchi, Haworth President and CEO. “Through our dealers, we will partner with and support Global IFS in the market and continue to showcase its products in our showrooms.” Hi-Tech has been a TecCrete dealer for the past 8 years and has been a leader in providing access flooring and related products for many of the major metropolitan areas in the northeastern United States since 1986. “Having the ability to offer end-to-end complete solutions is a game changer in the raised access market. We look forward to providing new products that meet the ever-changing needs of our dealers and customers,” said Bob McCrossan, President of Hi-Tech. “An innovative leader in our industry is long overdue.” Camino Systems has been a raised access flooring systems leader, including underfloor air and modular power distribution, in Canada for the past 25 years. Camino has been a TecCrete dealer for the past 13 years and operates a manufacturing facility with showroom, sales and service offices in Toronto, ON. Global IFS is poised to position itself at the forefront of the sustainable building products market and will provide the most comprehensive offering of integrated flooring system solutions: multiple raised access flooring lines, modular plug and play power solutions, and a full line of underfloor air distribution components. The company’s dedicated in-house resources will play an active role in assisting its North American distribution network to design custom solutions to meet client needs. Global IFS and its dealer base provide complete consultation, sales support, in-house engineering, project management and installation services in nearly any commercial or residential application, offering a single point of contact and one-stop solution. Global IFS is a portfolio company of RFE Investment Partners and Cornerstone Capital Partners. DECADES OF RECOGNIZING GROWTH OPPORTUNITIES RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential. RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES. We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle. THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM. RFE's Managing Directors have worked together an average of 20 years and average 26 years of private equity experience. RFE Investment Partners 36 Grove St New Canaan, CT, 06840 (203) 966-2800