Introduction
Select Interior Concepts (“SIC”) was formed via a merger of two Trive Capital assets in 2017 – Architectural Surfaces Group (“ASG”) and Residential Design Services (“RDS”). At today’s share price of ~$11.00, I believe investors are offered the most asymmetric risk-reward opportunity available in the market today. The company recently announced a strategic alternatives process after a push from an activist (ADW Capital) -- which should unlock enormous value for shareholders in the coming months. The announcement can be found here.
Architectural Surfaces Group
Select Interior Concepts’ most important/valuable asset is ASG,