GranQuartz Acquires Regent Stone Products
LITTLE ROCK, Ark. — GranQuartz, a division of Pearlman Group and a portfolio company of The Stephens Group LLC, acquired Regent Stone Products in December.
Terms of the transaction weren’t disclosed.
“We are excited about the addition of Regent to the Pearlman family,” said Dave Davidenko, Pearlman Group CEO. “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.”
Regent Stone Products began distribution of stone fabrication and restoration tools and supplies in 1992. Based in Virginia Beach, Va., the company built a strong, loyal following with fabricators in the Mid-Atlantic region.
“I’ve long admired the GranQuartz division of Pearlman Group and believe our organizations will be stronger together,” said Tim Siviter, Regent Stone president. “It was a pleasure to work with The Stephens Group throughout the transaction. They delivered on everything they said they would.”
“Pearlman’s M&A engine continues to be a meaningful value driver,” said 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.”
The Stephens Group acquired Pearlman in May 2017 from The Harbour Group.
Pearlman, headquartered in Norcross, Ga., continues to seek national and regional market leaders to add to its family of specialty distribution businesses.
Pearlman’s GranQuartz division is a market-leading distributor serving more than 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 more than 5,000 distributor customers in construction and industrial end-markets.
The Stephens Group is a Little Rock-based private -investment firm that partners with talented management teams to help build valuable businesses. With more than $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.
Get the news of the industry with Slab & Sheet, the e-newsletter from Stone Update. Sign up for free delivery here.
For the latest industry info, check Stone Update on Twitter and Facebook.
Experience the totally new Stone Update Magazine online.
