America’s Floor Source Acquires JP Flooring
Columbus-based America’s Floor Source has announced the acquisition of JP Flooring, one of the longest established and most respected flooring retailers in the Cincinnati area. This acquisition includes JP’s 100,000-square-foot facility in West Chester, Ohio, which consists of a warehouse, office space, and an award-winning showroom.
“By adding the JP team to the America’s Floor Source family, we will solidify our presence in Cincinnati,” said Jason Goldberg, founder and CEO of America’s Floor Source.
America’s Floor Source operates in Columbus, Cincinnati, Indianapolis, and Louisville. Prior to the acquisition, the AFS location in Cincinnati is primarily focused on serving area homebuilders and wholesale customers. Goldberg said that the JP Flooring location in West Chester will remain open and become the Cincinnati hub for all AFS operations.
“I’m beyond excited to be gaining the experience and passion of everyone from JP Flooring,” Goldberg said. “We are fully prepared to learn from one another as we work together to continue satisfying customers and achieving some very lofty goals.”
Phil Schrimper, president and founder of JP Flooring, explained his decision to sell, and specifically why he eventually chose America’s Floor Source as the purchaser: “Over the years, I’ve been approached by other companies to buy JP Flooring, but either the timing wasn’t right, or it wasn’t someone I wanted to entrust my company to. When Jason called, things were different. It’s the right time in my life to slow down a little bit and enjoy time with my family. And more importantly, Jason is the right person. He has the energy and America’s Floor Source has the processes and infrastructure to help JP move on to the next chapter in its development. At the end of the day, I trust Jason and the AFS team to be good stewards of what we started here over 33 years ago.”
Prior to the acquisition, America’s Floor Source employed 294 people across three states. 2021 projected annual revenue is $130 million.
In business since 1988, JP Flooring has 60 employees, all working out of the West Chester location. JP’s 2021 revenue is projected to be $30 million.
Across its four markets, AFS serves a variety of different audiences – including homebuilders, homeowners, property management companies, wholesale customers, and commercial construction companies and developers.
In addition to the West Chester showroom and design center, Goldberg said that he also intends to roll out a small fleet of Mobile Floor Source vehicles to enable homeowners to confidently shop from the comfort of their homes.
“In other markets, especially Columbus, retail has grown into an important part of our business. And with the addition of the spectacular JP Flooring Design Center, we’ll be able to instantly do the same thing in Cincinnati,” Goldberg said. “But the Design Center is for more than just retail customers. Custom homebuilders will also be able to bring in their clients to make selections for their new homes.”