August 3, 2015

L.A.R.K. Industries, Inc. Completes Shareholder Distribution

Dallas, Texas and Anaheim, California

Trive Capital (“Trive”) is pleased announce its recent distribution to investors in connection with a dividend recapitalization of L.A.R.K. Industries, Inc. (“L.A.R.K.” or the “Company”).

In July 2015, under 11 months into the Fund’s hold period, L.A.R.K. completed the successful dividend recapitalization. L.A.R.K. funded the distribution through cash proceeds generated via its term loan refinancing which was enabled through strong Company operating performance and cash generation. The new term loan provides the Company with a substantially lower cost of debt capital, while also enhancing operational flexibility as L.A.R.K. continues to pursue its growth strategy.

Chris Zugaro, Partner at Trive, commented, “Core to Trive’s strategy is returning capital to our investors early in our investment hold period. This distribution represents a realization of that strategy from a company, L.A.R.K., which has performed exceptionally since closing and in our opinion is well positioned for the future.”

“L.A.R.K. de-levered significantly since closing less than a year ago. Intense focus on driving operational improvements and rapid growth have generated considerable free cash flow. The recapitalized structure allows for an early distribution to the Company’s shareholders while also providing L.A.R.K. the flexibility to continue scaling with its customers,” stated Dan Lenahan, a Vice President at Trive.

 

About L.A.R.K. Industries

L.A.R.K. Industries, Inc., dba Residential Design Services and Commercial Design Services (www.resdesign.com), is a leading provider of outsourced design centers and interior surfaces installation services. Headquartered in Anaheim, California, L.A.R.K. services large residential homebuilders and commercial real estate developers in the Western United States. The Company was founded in 1988 and prides itself on its reputation for delivering high quality, customized sales and installation solutions for a wide range of products, including flooring, countertops, wall tiles, window treatments, finished carpentry, and other interior finishes.


About Trive

Trive Capital is a Dallas, Texas based private equity firm with more than $7 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $7 billion in revenue across Trive’s targeted industry sectors and situations.

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