31st Street Capital

31st Street Capital is a family-owned holding company based in Lincoln, Nebraska, founded on October 1, 2018, by Nick and Erin Bock. The firm focuses on acquiring and growing companies within the flooring industry, aiming for long-term partnerships that allow existing management teams to retain control and collaborate indefinitely with 31st Street Capital's team. This approach ensures continuity and leverages the expertise of current leadership while providing resources for expansion and development.

The company's investment strategy is centered on identifying well-established flooring businesses with strong local presence and management teams. Since its inception, 31st Street Capital has successfully acquired several companies, including Floor Source in Phoenix, Arizona, Flooring Expo by Carpet King in Minneapolis, Minnesota, Total Flooring, Inc. in Homer Glen, Illinois, Floors for Living in Houston, Texas, and Premier Flooring in the Louisville, Kentucky area. These acquisitions have significantly expanded the firm's portfolio, contributing to a reported $110 million run rate across 44 locations as of August 2022.

31st Street Capital's philosophy emphasizes making a positive impact on employees, the companies within its portfolio, and the communities they serve. By focusing on the flooring industry and maintaining existing management teams, the firm aims to foster sustainable growth and operational excellence, positioning its portfolio companies as dominant players in their respective markets.