Wilmington, Mass. — Parterre Flooring Systems, a privately-held leader in the luxury vinyl tile segment of the flooring industry, has named Ralph Grogan as chief executive officer, effective immediately. T. Fred Roche will remain with the company as a member of the board of directors and will maintain an equity interest in the company.
Grogan brings more than 30 years of experience in the flooring industry. He most recently served as president and CEO of Bentley Mills, a premier modular carpet tile, broadloom and area rug manufacturer. Previously, he served as vice president of business development and strategy for Antron and chief operating officer of Tandus Flooring.
Parterre is a portfolio company of Tower Three Partners, a leading operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. Tower Three made a controlling investment in Parterre on August 22, 2017.
"Ralph is an ideal choice to lead Parterre in the company's next phase of growth,” says Peter Fitzsimmons, managing director of Tower Three. “His extensive experience leading private equity-backed flooring businesses strongly positions him to have an immediate impact expanding Parterre's national footprint while continuing to deliver long term value. I also want to thank Fred for his commitment to Parterre since he joined the company in 2000, and I know that he will continue to be an invaluable part of the company in the years to come."
Founded in 1991 and headquartered in Wilmington, Mass., Parterre Flooring Systems is a leading design innovator of luxury vinyl tile, plank and sheet flooring for the retail and hospitality industries, including restaurants. The company offers a broad selection of premium vinyl flooring products that authentically replicate the beauty of nature in wood and stone colors and designs, as well as metallic surfaces and other unique finishes. Parterre Flooring is asbestos-free, recyclable, constructed of post-consumer and post-industrial recycled content, environmentally safe, easily installed and affordable.
SOURCE: Parterre Flooring Systems