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Impact Property Solutions Expands its National Presence with the Acquisition of Interior Logic Group’s Property Services Division

via Business Wire

Impact Property Solutions (“Impact”), a Dallas, TX-based portfolio company of Blue Sage Capital (“Blue Sage”), is proud to announce its acquisition of the Property Services division (“Property Services”) of Interior Logic Group. Based in Portland, Oregon, and operating 27 branches nationwide, Property Services supplies replacement flooring and installation services to owners and operators of rental housing, including multifamily, senior living, and single-family. This acquisition of Property Services represents a transformational step for Impact, taking the organization from 13 locations to 30 combined locations. The combination strengthens Impact’s service capabilities across the Sunbelt while establishing a meaningful presence in the Western U.S., further solidifying Impact’s nationwide presence as a leading provider of multifamily flooring solutions.

“Through the acquisition of Property Services, Impact has found a true partner that will allow us to better serve our customers from coast to coast. As Impact evaluates growth moving forward, our map of opportunities has expanded considerably,” said Will Speicher, CEO of Impact Property Solutions. “I am excited to welcome the Property Services team to the Impact family, and I am thrilled that the management team will continue to serve in leadership roles in the consolidated entity. Our combined leadership team now boasts over 200 years of multifamily flooring replacement experience alongside the most robust and user-friendly customer service experience in the industry.”

Property Services President Grant Ebright will continue as President and Chief Operating Officer alongside Matt Lusk as President and Chief Commercial Officer at Impact. Current Impact and Property Services customers will continue to interface with their current points of contact.

“We are incredibly excited to be joining forces with Impact Property Solutions,” said Grant Ebright, President of Property Services. “I believe we've found the right partners in Impact and Blue Sage, both of whom share our vision and ambition to be the national leader in supplying replacement flooring and installation services to owners and operators of rental housing. I see a great fit and strategic match between our organizations, and I am very excited to join Impact and bring our collective teams together.”

Jonathan Pearce, Partner at Blue Sage, noted, “The acquisition of Property Services marks a transformational investment in our shared plan to build Impact into the nationwide leader of supplying replacement flooring and installation services to owners and operators of rental housing. We are excited to continue to support the Impact team as they execute our growth playbook.”

This represents the sixth transaction since Impact began its partnership with Blue Sage at the end of 2020. Impact will continue to expand its geographic footprint, both organically and through M&A, as it endeavors to provide high-quality flooring installation services to customers nationwide. Impact is continuing to seek add-on acquisition targets that offer similar or complementary services in new and existing markets.

Impact was represented in the transaction by Queen Saenz + Schutz PLLC (Legal), SCA Transaction Services (Accounting), and Cherry Bekaert (Tax). Citizens provided M&A and debt advisory services to Impact. Financing was provided by a group of lenders, including respective advisory clients of Aquarian Private Credit and Deerpath Capital Management, LP.

About Impact

Impact is a Texas-based provider of quick-turn flooring and countertop replacement services to multifamily, single-family rental, and senior living owners and operators across the country. Over the course of Impact's 37-year history, the business has expanded from five markets throughout Texas to a comprehensive servicer with a national presence. The company distinguishes itself through customized systems and processes, including its proprietary database of hundreds of thousands of floorplan scenarios covering thousands of properties, which enable the company to seamlessly manage the logistics required to deliver high-quality, consistent service at scale.

About Blue Sage

Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $1.0 billion of assets under management and seeks to partner with founders, families, and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions, or specialty services industries. Blue Sage typically invests $25 million to $70 million in control buyout investments and recapitalizations of companies with $25 million to $250 million of revenue.

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