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A Carmel-based private equity firm is adding a new business to its portfolio.
Mayfar Capital Partners has acquired Tile Redi Holdings LLC, a Charlotte-based manufacturer of shower products that also operates manufacturing and fulfillment centers in Elkhart, Ind.
Tile Readi makes shower pans, doors, shelves and other products for large-scale developers, professional contractors and do-it-yourself homeowners.
“We have a tremendous opportunity to expand our reach in all channels given the current skilled labor and supply chain constrained market,” Tile Readi Chief Executive Officer Sean Boes said in a news release. “We believe Mayfair Capital Partners will be excellent collaborators in achieving our vision of making every shower installation easy and leak-free.”
Financial terms of the deal were not disclosed. Mayfair did not specify if any jobs would be affected by the deal.
Mayfair Capital Partners was formed in July 2021 as a subsidiary of Oxford Financial Group Ltd., which operates in many locations, including Indianapolis. Mayfair also has a location in Minneapolis, Minn.