Syosset, N.Y.—Stanton Carpet has announced it has partnered with Minneapolis-based Norwest Equity Partners (NEP), a middle market investment firm with nearly $5 billion in capital under management. NEP has made a majority investment into the company along with substantial investments from Jonathan and Sy Cohen, as well as other management team members.
As part of the deal, Stanton’s team will continue to lead and operate the business from its Syosset, N.Y.- and Calhoun, Ga.-based facilities. NEP has been investing alongside business owners and their management teams for more than 50 years, and Stanton’s affiliation with it is a strategic partnership based on long-term growth plans for the company. Continue reading Stanton partners with Norwest Equity Partners