Graycliff Partners LP said Oct. 3 that it acquired Pebble Technology International Inc. Financial terms weren’t announced. PebbleTec, of Scottsdale, Arizona, which designs and makes swimming pool finishes.
GRAYCLIFF PARTNERS ANNOUNCES ACQUISITION OF PEBBLETEC
New York, NY, October 3, 2018 – Graycliff Partners LP is pleased to announce it has completed the acquisition of Pebble Technology International, Inc. (“PebbleTec”), a designer and manufacturer of high quality swimming pool finishes. Graycliff purchased the business from a small group of individual shareholders.
Based in Scottsdale, AZ, PebbleTec is the globally recognized brand leader in swimming pool finishes, specializing in high end aggregate finishes. The company sources premium stones of varying sizes and colors from across the globe (including New Zealand, Chile and Mexico), and has perfected a proprietary application process to produce custom finishes that last decades. The company serves applicators and pool builders worldwide through manufacturing and processing centers in Arizona and Louisiana. Founded in 1987, the company was the first in the United States to pioneer the use of aggregate as a pool finish, and has since built the leading brand in the industry.
“PebbleTec is a household name in the pool business, and we were drawn to its reputation and track record of superior quality, consistency and durability,” said Will Henderson, Managing Director, Graycliff Partners. Darrell Eckstein, PebbleTec CEO added, “We are excited to work with the team at Graycliff to further capture market share in underpenetrated regions, both domestically and internationally.”
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on lower middle market investments. Graycliff seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.