Thompson Street Capital Partners has acquired Stone Panels. No financial terms were disclosed for the transaction, which TSCP did with Stone Panels’ management. Based in Coppell, Texas, Stone Panels is a maker of natural stone composite panels.
ST. LOUIS (July 31, 2014) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has partnered with management to acquire Stone Panels, Inc. of Coppell, Texas. Terms of the transaction were not disclosed.
Stone Panels, Inc. (www.stonepanels.com), is the leading global manufacturer of natural stone composite panels. The company’s StoneLite® thin-clad panels are composed of a thin stone veneer, a honeycomb backing and an impervious, high-strength, fiber-reinforced epoxy skin.
This proprietary design, along with the company’s patented manufacturing processes, makes these unique panels the premier choice for a wide variety of building construction, retrofit and design applications.
Said Jim Cooper, Senior Managing Partner, TSCP, “Stone Panels has created a product that’s superior to both traditional dimensional stone and to any other thin-clad product available.
We’re extremely impressed with the StoneLite® products and we are proud to be partnering with the Stone Panels management team that guided the company to its position of leadership in the marketplace.” Cooper added, “With this acquisition we’ll be there to help foster the company’s continued success and support the accelerated growth of the business.”
Thompson Street Capital Partners (www.tscp.com) is a St. Louis-based private equity firm that invests in service, distribution and manufacturing businesses via recapitalizations, management buyouts, corporate divestitures and family businesses in transition. Founded in 2000, TSCP has managed more than $800 million in private equity capital and is currently investing its third fund. TSCP partners with management teams to increase value by accelerating growth, both organically and via complimentary acquisitions.