Troutman Pepper represented L2 Capital, a boutique lower middle market private equity firm, in its acquisition of Robbins Sports Surfaces, a market-leading manufacturer of hardwood basketball floors. Read a company press release about the transaction.
Founded in 1894, Robbins is a vertically integrated, multi-generational family business whose customer base spans elementary, middle, and high schools as well as colleges and NCAA and NBA teams. The company also manufactures hardwood floors for dance and other sports and is the exclusive North American distributor of Pulastic brand synthetic floors. L2 Capital specializes in making controlling investments in a diverse range of family and founder-built companies with demonstrated market leadership and unlocked potential for growth.
The multidisciplinary team advising L2 Capital in the acquisition was led by Donald Readlinger and Bruce Fenton, and included attorneys Joshua Gelfand (Tax & Benefits), Cynthia DeLisi (Real Estate), Gregory Narsh (Environmental), Emily Davidson (Tax & Benefits), Leigh McMonigle (Labor & Employment), Samantha Peruto, Madeline Reed, and Howard Goldberg.