Dechert Advises Blue Torch Capital on Debt Financing for Transom Capital-Backed Galleher to Acquire Virginia Tile

July 02, 2024

Dechert advised Blue Torch Capital, a U.S. middle-market direct lender offering bespoke credit solutions to companies needing capital for growth, acquisitions, operational challenges and financial distress, on a new credit facility provided to Galleher, LLC (“Galleher”), a portfolio company of the Transom Capital Group.

Proceeds from the credit facility were used by Galleher to refinance debt and to acquire Virginia Tile Company, LLC, a Midwest-based specialty distributor of design-centric tile, decorative surfaces and installation accessory products headquartered in metro Detroit.   Virginia Tile will be joining forces with Galleher to create a leading national flooring and tile products distributor with unique product development, merchandising and fulfillment capabilities.

Galleher is the largest floor covering distributor in the western U.S. and the third-largest flooring distributor in the U.S. offering hardwood flooring, luxury vinyl plank and installation accessories.

The Dechert team advising Blue Torch Capital included corporate partner Eliot Relles, counsel Avni Patel and associate Nicole Donadio.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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