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Police nab imposter disguised as ABC Supply employee

BY HBSDEALER Staff

A man posing as an employee of ABC Supply bilked a homeowner out of $10,000 for new windows that were never installed, according to an article in the New Hampshire Union Leader.

Shawn Talbot, 32, has filed court papers stating his intentions to plead guilty in connection to four felony charges, including issuing bad checks, identity fraud and two counts of misapplication of property.

On Nov. 19, 2008, according to the media report, Talbot went to a local Citizen’s Bank and claimed to be a representative of ABC Supply, a Beloit, Wis., distributor of exterior products, according to indictments filed in Brentwood, N.H. Talbot opened a business checking account in the company’s name.

Talbot has already obtained a check from homeowner Winston Grady for $10,400, in exchange for installing new windows in GradyOs Londonderry home sometime between Nov. 17 and 20, 2008, court records say.

Talbot allegedly spent about $3,150 of Grady’s money for personal and business expenses, knowing the money was supposed to be paying for the window project, according to prosecutors.

He was initially scheduled for trial this month in Rockingham County Superior Court. Had he been convicted at trial, he faced 7.5 to 15 years in prison.

Talbot will be sentenced to two 12-month jail terms, which will be suspended if the deal is approved by a judge. Talbot will also have to pay $18,092 in restitution and remain on probation for two years, court documents say.

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Sellars new VP for Cash Acme and SharkBite Products

BY HBSDEALER Staff

Paul Sellars has been named VP sales for Reliance Worldwide USA, manufacturers and distributors of Cash Acme and SharkBite-branded products.

Prior to joining Reliance, Sellars served as director of sales for Rinnai America Corp., with previous positions at State Industries, Jacuzzi Whirlpool Bath and Kohler Co.

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Floor & Decor acquired by private equity firms

BY HBSDEALER Staff

Floor and Decor Outlets of America, a chain of floor covering retail outlets, has signed an agreement to be purchased by an affiliate of Ares Management and Freeman Spogli & Co. from an investor group that includes Najeti Ventures, Saugatuck Capital Co. and TWJ Capital.

Headquartered in Atlanta, Floor and Decor currently sells ceramic, stone, wood and laminate flooring through 25 stores in 15 U.S. metro markets, as well as through its website, flooranddecoroutlets. Its brick-and-mortar locations typically range from 60,000 sq. ft. to 80,000 sq. ft. and are set in warehouse-style buildings with merchandise stacked on pallets. Customers are primarily homeowners and professional contractors.

Based in Los Angeles, Ares Management is also an investor in Orchard Supply Hardware, a chain of home improvement stores throughout California.

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