PCE Facilitates the Sale of Ally Building Solutions to Astara Capital Partners

PCE Investment Bankers (“PCE”), a leading financial services firm specializing in middle-market companies, is pleased to announce the sale of Ally Building Solutions (“Ally”) to Astara Capital Partners, LLC (“Astara”) a middle-market private equity firm. PCE served as the exclusive financial advisor to Ally, a leading provider and installer of interior finishes based in Orlando, Florida.

This strategic partnership signifies a significant step for Ally's future. Astra's expertise will enable Ally to bolster its customer service and accelerate growth through valuable strategic insights and established customer relationships.

Steve Spade, Founder and CEO of Ally, will remain at the helm of the company. He expressed his enthusiasm for the partnership, stating, "We are thrilled to join forces with Astara. Their extensive experience in growing building products and construction-related companies in Florida makes them the ideal partner for Ally."

Founded in 2013, Ally carved out a unique position in Florida's thriving home-building market. The company offers comprehensive solutions – encompassing finish products, installation, and design studio services – to new home production builders, custom builders, and multi-family projects across Orlando, Jacksonville, Ocala, and Tampa.

Spade further commented, "This partnership is a major win for Ally, and we couldn't have achieved such favorable terms without PCE's guidance. Their industry knowledge, deal management expertise, and unwavering support helped us navigate this complex transaction efficiently. We truly value their partnership and the significant contributions they made to securing this successful outcome."

Michael Poole, from PCE, commented on the transaction, "Working alongside Ally throughout this acquisition journey has been truly rewarding. The undeniable synergy between Ally and Astara underscores the success of this partnership. We eagerly anticipate the positive impact this collaboration will have on Florida's new home production and custom-building landscape."

Law firm Lowndes and accounting firm Grant Thornton LLP represented Ally in the transaction.

About Ally: Founded in 2013 and headquartered in Orlando, Florida, Ally Building Solutions provides interior finishes, installation, and design studio services to new homebuilders in Orlando, Jacksonville, Ocala, Tampa, and Ft. Myers, Florida. Ally’s Founder, Steve Spade, is a recognized expert in flooring and interior finishes, having spent over 35 years providing these products to the homebuilding industry. More information about Ally can be found at www.allybuildingsolutions.com.

About Astara: Astara Capital Partners is an integrated team of investors and operators investing in the middle market. The firm brings capital, strategic, and operational resources to its investments to build sustainable value and position them for long-term success. Astara focuses on a variety of sectors where it has deep experience, including packaging and converting, food, building products, forest products, and industrial manufacturing, distribution, and services. More information about Astara can be found at www.astaracapital.com.

About PCE: PCE, a leading middle-market investment bank, offers comprehensive solutions to help companies achieve their goals through M&A, capital raising, valuations, and specialized services like ESOPs and MBOs. With expertise across most industries, PCE has offices in Atlanta, Chicago, Denver, New York, and Orlando. More information about PCE can be found at www.pcecompanies.com.

About Lowndes: Founded in Orlando, Florida, in 1969, Lowndes is a multi-discipline business law firm with a global reach. Our attorneys deliver innovative legal solutions to corporate, entrepreneurial, and individual clients across diverse industries, locally, nationally, and internationally. More information about Lowndes can be found at www.lowndes-law.com.

About Grant Thornton LLP: Grant Thornton is one of America’s largest providers of audit and assurance, tax, and advisory services — and the U.S. member firm of the Grant Thornton International Ltd global network. We go beyond the expected to make business more personal and build trust into every result. With revenues of $2.4 billion for the fiscal year that ended July 31, 2023, and almost 50 offices nationwide, Grant Thornton is a community of more than 9,000 problem solvers who value relationships and are ready to help organizations of all sizes and industries create more confident futures. Because, for us, how we serve matters as much as what we do. More information about Grant Thornton can be found at www.grantthorton.com.