Assurance Mezzanine Fund (“Assurance”) is pleased to announce its first investment in Purpose First Group, LLC ('PFG'), which closed in December 2017. PFG provides mill-work, cabinets, windows and countertops to multi-family, single-family and commercial markets within the states of Texas and Florida. PFG’s Texas operations are conducted through its wholly-owned subsidiary, Builder’s Choice, Inc, which is the largest family-run building supply distributor for home builders in the Houston area.
Assurance provided financing for PFG to enter into a 50/50 joint venture with Florida-based TMD Windows & Doors and S&S Craftsmen. This joint venture allows PFG to enter the rapidly-growing Florida market and will also bring custom mill-work and cabinet manufacturing capabilities to its current customers.