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Select Interior Concepts to Sell Its RDS Segment to


Transforms balance sheet to debt-free, strong net cash position providing significant financial flexibility
Concentrates efforts on maximizing value in the stone and tile distribution market and expands margin profile
ATLANTA, May 09, 2021 (GLOBE NEWSWIRE) Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and distributor of interior building products, today announced that it has entered into a definitive agreement to sell its Residential Design Services segment (“RDS,”) in an all-cash transaction to Interior Logic Group (“ILG”), a portfolio company of Blackstone. The transaction is valued at approximately $215 million, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt of required regulatory approvals. SIC intends to use the proceeds from the transaction to repay all its outstanding indebtedness and capital lease obligations. ....

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Select Interior Concepts to Sell Its RDS Segment to Interior Logic Group for $215 Million


Select Interior Concepts to Sell Its RDS Segment to Interior Logic Group for $215 Million
$215 million purchase price provides attractive valuation for RDS and to shareholders
Transforms balance sheet to debt-free, strong net cash position providing significant financial flexibility
Concentrates efforts on maximizing value in the stone and tile distribution market and expands margin profile
ATLANTA, May 09, 2021 (GLOBE NEWSWIRE) Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and distributor of interior building products, today announced that it has entered into a definitive agreement to sell its Residential Design Services segment (“RDS,”) in an all-cash transaction to Interior Logic Group (“ILG”), a portfolio company of Blackstone. The transaction is valued at approximately $215 million, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt ....

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Why Select Interior Concepts Stock Is Trading Higher Today


Select Interior Concepts (NASDAQ:SIC) shares are trading higher after the company announced it entered into a definitive agreement to sell its Residential Design Services segment to Interior Logic Group for $215 million.
We will continue distinguishing ourselves by our innovative technology and commitment to grow with our customers through trusted partnerships and relationships, said Chief Executive Officer Alan Davenport of Interior Logic Group.
Select Interior Concepts Inc is a diversified product and service company that acts as an installer and distributor of interior building products in residential interior design services.
The stock was trading 16.91% higher at $10.44 per share at the time of writing. The stock has a 52-week high of $10.88 and a 52-week low of $2.03. ....

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Emily Grene Announces Launch of EG Community, New Director


Emily Grene Announces Launch of EG Community, New Director
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LOS ANGELES, April 13, 2021 /PRNewswire/ Emily Grene Corporation announced today the launch of their new division, EG Community, and the hiring of new senior management.
EG Community is Emily Grene s rebranded service for production home building clients, integrating engineering and electrical services with construction and installation for clients. This division will focus on providing end-to-end low voltage and electrical services, along with option consultation and construction expertise to help developers build new projects from the ground up.
Our new EG Community division will exemplify our philosophy at Emily Grene, said Emily Grene President & Chief Executive Officer Burke Ewers. We aim to provide an easy, one-stop model for our clients building needs, handling everything from the beginning of their projects to the very end to ensu ....

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