GranQuartz Acquires Regent Stone Products
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Dec 19, 2018--GranQuartz, a division of Pearlman Group and a portfolio company of The Stephens Group, LLC, has acquired Regent Stone Products. Terms of the transaction were not disclosed.
Since 1992, Regent Stone Products has distributed stone fabrication and restoration tools and supplies. Based in Virginia Beach, VA, Regent has built a strong, loyal following with fabricators in the Mid-Atlantic region. Dan Davidenko, CEO of Pearlman Group, commented, “We are excited about the addition of Regent to the Pearlman family. They have a fantastic salesforce, who has done an excellent job establishing themselves as trusted, reliable resources to their customers. We look forward to continuing to offer that level of service.” Tim Siviter, President of Regent Stone Products, added, “I’ve long admired the GranQuartz division of Pearlman Group and believe our organizations will be stronger together. It was a pleasure to work with The Stephens Group throughout the transaction. They delivered on everything they said they would.”
The acquisition of Regent Stone Products advances Pearlman Group’s goal of building a leading differentiated and scaled distribution platform focused on specialty contractors and fabricators. “Pearlman’s M&A engine continues to be a meaningful value driver,” commented Clay Hunter, Managing Director at The Stephens Group. “The Pearlman management team has a long track record of identifying, acquiring and integrating complementary acquisitions, and we continue to be highly supportive of this component of their strategy as they seek to be the buyer of choice to specialty distributors serving the professional contractor market.”
Pearlman Group continues to seek national and regional market leaders to add to its family of specialty distribution businesses.
ABOUT PEARLMAN GROUP Headquartered in Norcross, GA, Pearlman is a multi-channel developer and distributor of supplies, tools and equipment used in the fabrication and maintenance of hard surfaces for residential, commercial and industrial end-markets. Pearlman’s GranQuartz division is the market-leading distributor serving over 8,000 stone fabricators, tile installers and concrete and monument professionals. Pearl Abrasive is a leading developer and provider of high quality, branded abrasives and cutting tools to over 5,000 distributor customers in construction and industrial end-markets. The Company’s products include an extensive offering of proprietary, exclusive and national branded products with over 18,000 SKUs across multiple price points and applications.
ABOUT THE STEPHENS GROUP, LLC The Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Stephens family, our team has a long history of providing sophisticated, strategic expertise and taking a partnership approach to help companies successfully achieve their strategic visions and build long-term value. With over $1 billion invested since 2006, The Stephens Group targets investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food and consumer products, and technology infrastructure and tech-enabled services, as well as select opportunistic situations.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005477/en/
CONTACT: Ronald M. Clark
The Stephens Group, LLC
KEYWORD: UNITED STATES NORTH AMERICA ARKANSAS GEORGIA VIRGINIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE RETAIL SPECIALTY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: The Stephens Group, LLC
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PUB: 12/19/2018 10:28 AM/DISC: 12/19/2018 10:28 AM