Meteor Education Completes Key Acquisition with Saw Mill, Adding Premier F&E
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.
About Meteor Education
Headquartered in Gainesville, FL, Meteor Education partners with communities and their students in creating transformational learning experiences through the design and implementation of instructionally sound learning environments. Meteor services include full development of learning environment design, specification, delivery, and teacher orientation to their new space. Meteor is recognized as the leading partner of schools in accelerating student engagement through the intersection of environments and experiences. Meteor works throughout the US with their clients in developing ongoing modernization programs that refresh and re-imagine learning environments. Today, Meteor services K-12 schools across the US spanning from the Atlantic to the Pacific. For more information, please visit www.meteoreducation.com
About Saw Mill Capital
Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm that acquires business service, specialty distribution, and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential. For more information, visit www.sawmillcapital.com.