WASHINGTON, D.C., July 17, 2019 - Baker Botts represented American Industrial Partners (AIP) and its portfolio company, AHF Products, in their agreement to acquire LM Flooring, a global manufacturer and marketer of hardwood flooring products. The transaction included a complex restructuring and acquisition with operations and subsidiaries in Cambodia, China and the United States.

The transaction follows AIP’s recent acquisition of the wood flooring segment of Armstrong Flooring, Inc. (NYSE: AFI) in which Baker Botts also represented AIP. Following this initial platform acquisition from AFI, the wood flooring segment was rebranded as AHF Products. The addition of the LM Flooring business will strengthen AHF Product’s manufacturing capabilities and brand portfolio.

AHF Products is the leader in hardwood flooring with a family of strong brands serving the residential and commercial markets including Bruce, Armstrong Flooring, HomerWood, Capella, T. Morton and Robbins. Long-time firm client, AIP, is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 95 transactions and currently has more than $7 billion of assets under management on behalf of leading pension, endowment and financial institutions.

The Baker Botts Team Included:

Corporate: Brendan Dignan (Special Counsel, Washington), Yan Zhang (Partner, Palo Alto), Terry Bessey (Special Counsel, Washington), Susan Toumanian (Associate, Washington), Megan Bumb (Associate, Washington) and Kaylee Yang (Associate, Palo Alto)

Corporate Finance: Martin Toulouse (Partner, New York)

Antitrust: Paul Cuomo  (Partner, Washington), Michael Bodosky (Special Counsel, Washington) and Christine Ryu-Naya (Senior Associate, Washington)

Employee Benefits: Krisa Benskin (Special Counsel, Houston)

Environmental: Bart Seitz (Partner, Washington)

International Trade: Matt West (Partner, Washington) and Jason Wilcox (Special Counsel, Washington)

Tax: Don Lonczak (Partner, Washington) and Peter Farrell (Associate, Washington)

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