GREENSBORO, N.C. — Blackford Capital has acquired ID Collaborative Inc. (IDC), an interior design firm that specializes in continuing care retirement communities. Terms of the deal were not disclosed.
The deal is Blackford’s third in the commercial interior design industry in 2021, following the acquisition of Georgia-based Design Environments and the merger of Vertically Integrated Projects and Boston Trade Interior Solutions.
“We are aggressively executing against our strategic plan to address the highly fragmented interior design and procurement industries to better serve our customers and the industry as a whole,” says Greg Kadens, CEO of Boston Trade. “We’re creating a turnkey resource that pairs deep design and interior architecture expertise with international procurement and sourcing experience. IDC’s portfolio and specialization in senior living and healthcare advances this vision immediately.”
IDC will join Boston Trade Interior Solutions and Design Environments in Blackford’s professional interior design, procurement and FF&E supply group.
Based in Greensboro, IDC brings 35 years of experience in commercial interior design and furniture procurement across five industries, with a focus on senior living, medical office and continuing care markets. IDC founder and CEO Nancy Borum will continue to serve as president of IDC once the transaction is completed.
Dickinson Wright PLLC, Honigman LLP and King & Spaulding LLP served as legal advisors in the transaction. Mercantile Bank of Michigan served as the senior lender, while Plante Moran provided deal structure and accounting services. Anderson LeNeave & Co. served as investment banker and Carruthers & Roth PA served as legal advisors to the seller.