Briarcliff Manor, New York – November 16, 2021. Saw Mill Capital Partners II, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (collectively referred to herein as “Saw Mill”) are pleased to announce the acquisition of Premier Furniture & Equipment (“Premier”) by Meteor Education (“Meteor”), a Saw Mill portfolio company.
Premier, which is headquartered in Shell Rock, IA, is a distributor of K-12 classroom furniture in the Heartland of the United States. The combination of Meteor and Premier adds scale and will expand Meteor’s presence to 38 states across the U.S., with operations spanning the East, South, Midwest, and West. Meteor’s acquisition of Premier represents its first acquisition during its partnership with Saw Mill.
“Premier F&E has become the partner of choice for so many school districts throughout Iowa, Minnesota, Wisconsin, and South Dakota. We are privileged by the opportunity to work with this tremendous team, led by Roger & Sally Johnson.” said Bill Latham, CEO of Meteor Education. “The expansion into the Heartland allows us to bring new levels of service and solutions to Premier’s strong client relationships.”
“When we started Premier in 2016, Sally and I were committed to building trusted relationships with our customers, suppliers and teammates.” said Roger Johnson, President of Premier F&E. “The most exciting part of becoming part of the Meteor team is knowing that both our team and our clients will benefit mutually from all that Meteor offers.”
Saw Mill is committed to helping its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. All of Saw Mill’s Fund II portfolio investments, including Meteor, are actively seeking acquisitions.