O2 Investment Partners-backed Clio Holdings, in partnership with Oakland Standard Co., completed the acquisition of Premier Surfaces Inc. from its founder Eric Tryon. As part of the deal, Tryon will become Clio’s chief executive officer. Premier Surfaces makes and installs custom countertops through the southeastern U.S.
O2 Investment Partners (“O2”) announced today that its portfolio company, Clio Holdings, LLC (“Clio”), in partnership with Oakland Standard Co. (“Oakland Standard”), recently completed the acquisition of Premier Surfaces, Inc. (“Premier Surfaces”) from its founder, Eric Tryon. Concurrent with the transaction, Eric Tryon will become Clio’s CEO. Clio was formed in June 2016 to consolidate the heavily fragmented countertop supply and fabrication industry.
Founded in 2002 in Atlanta, Georgia, Premier Surfaces is a leading fabricator and installer of custom countertops throughout the Southeast U.S., with four locations in Georgia, Alabama and Tennessee. The acquisition of Premier Surfaces represents the sixth acquisition since Clio’s formation in mid-2016. Clio now consists of nearly 1,000 team members in 17 locations across the U.S.
Todd Fink, Managing Partner of O2, commented, “We are excited to partner with Premier Surfaces and Eric Tryon; both are great additions to the Clio platform. Eric is a seasoned building products veteran who has demonstrated success in growing Premier Surfaces into a leading regional supplier, and we believe he is an outstanding choice to lead the Clio organization. We also want to acknowledge Bryan Tolles and the Oakland Standard team, who continue to identify great partners like Eric and Premier Surfaces.”
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in middle market manufacturing, technology, niche distribution and select services businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
About Clio Holdings:
Clio was formed to partner leading countertop suppliers and fabricators together providing the capital and operational expertise to upgrade, differentiate and professionalize this highly fragmented industry. Clio serves a full spectrum within the countertop industry, from new homebuilders and commercial contractors to kitchen/bath dealers and home improvement centers.