Farragut Invests in Peachey Hardwood Flooring

CHEVY CHASE, MD – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in Peachey Hardwood Flooring (“Peachey”).  Farragut invested unitranche debt and equity, alongside Parkway Capital (“Parkway), in support of the partnership with Peachey by Sidereal Capital Group (“Sidereal”), a New Jersey-based independent sponsor.

Founded in 1999 and headquartered in Reedsville, Pennsylvania, Peachey manufactures premium hardwood flooring and related millwork products like stair parts, molding, and doors.  The Company serves a niche segment of the hardwood flooring market, offering the ability to customize orders across a broad selection of species, widths, cuts, stains, and finishes to wholesalers and distributors nationwide.  The investment will enable Peachey to increase its production capacity and pursue growth initiatives while providing liquidity to the owner, Don Coleman.  Mr. Coleman, current CEO, will continue to serve as CEO and focus on business development and Jeff Fairbanks, current Head of Wholesale Sales, will assume a President role designed to drive sales growth and operational efficiencies.

Phil McNeill of Farragut said of the transaction, “We are delighted to partner with Mr. Coleman and Sidereal to support Peachey in its next stage of growth.  Peachey has established itself as a quality leader in the hardwood flooring industry and we look forward to its continued growth.”

Don Coleman, CEO of Peachey, added, “We are excited to partner with Farragut and the other investors to further strengthen and grow Peachey.  The Farragut team understands our strategic growth plan and is very supportive of the opportunities that lie ahead of us.”

Peachey joins Farragut’s growing portfolio of niche manufacturing investments including GTA Containers and Racing and Performance.

For more information on Peachey, please visit www.peacheyhardwoodflooring.com