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SIC

Select Interior Concepts

$7.89

0.4 (5.34%)

07:03
01/03/19
01/03
07:03
01/03/19
07:03

Select Interior Concepts acquires T.A.C. Ceramic Tile Co. for $43M

Select Interior Concepts announced the acquisition of T.A.C. Ceramic Tile Co, an installer of residential and light commercial flooring with annualized sales of approximately $70M. Founded in 1985, T.A.C. specializes in design center selections and installation of all types of interior flooring surfaces, including tile, hardwood and carpet. T.A.C. primarily serves national, regional and local builders, along with retail clients in Virginia, Maryland and West Virginia through two design centers located in the Metro D.C. area. The acquisition increases the footprint of the Company's Residential Design Services segment to 31 locations, including 21 design centers across the United States. Payment at closing to owners of T.A.C including transaction costs was approximately $43M cash. Owners of T.A.C also have the ability to earn future additional payments, subject to achieving certain performance metrics in 2019.

SIC Select Interior Concepts
$7.89

0.4 (5.34%)

10/03/18
RILY
10/03/18
NO CHANGE
Target $19
RILY
Buy
B. Riley FBR an 'aggressive' buyer of Select Interior after pullback
B. Riley FBR analyst Alex Rygiel recommends being an "aggressive" buyer of Select Interior Concepts shares following the recent selloff. The analyst keeps a Buy rating on the shares with a $19 price target. He also highlights the recent insider buying of the stock.

TODAY'S FREE FLY STORIES

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LVMUY

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TRPX

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LOW

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NDAQ

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