Architectural Granite & Marble, a portfolio company of Trive Capital, has merged with Pental Surfaces. The newly combined company will serve as a supplier of interior surfaces. No financial terms were disclosed.
DALLAS, Texas; AUSTIN, Texas; SEATTLE, Washington
Trive Capital (“Trive”), the Dallas-based private equity firm, is proud to announce that Trive portfolio company Architectural Granite & Marble (“AG&M”) has partnered with Pental Surfaces (“Pental”) to create a leading value-added distributor of interior surfaces. The combination of the two companies expands the product and service offerings and yields an enhanced geographic footprint in key growth markets across the United States.
Sunil Palakodati, Chief Executive Officer of the combined entity, stated, “Today is a momentous day for both companies. We believe Pental Surfaces has built an unrivaled reputation on the West Coast and is an ideal partner for AG&M, enabling us to extend our combined geographic presence to serve our customers with innovative products and value-added service solutions.”
The merger creates a leading distributor of interior surfaces including natural stone, engineered stone, and tile, with 13 locations across the United States. The combined platform benefits from the tenured relationships and the strength AG&M and Pental Surfaces.
“The combination of Pental and AG&M forms a robust platform that will allow both companies to better serve the needs of our customers across the United States. We believe this partnership provides superior scale that will drive value for our customers, vendors, and employees,” said Peter Pental, President of the combined entity. “I am excited to partner with Sunil Palakodati, the broader AG&M team, and Trive Capital to work towards achieving the full potential of this merger.”
Dan Lenahan, Managing Director at Trive Capital, commented, “This merger is the result of a relationship amongst Peter and Ravi Pental and Trive that began in 2014. Trive has been thoroughly impressed with the cohesive team and high quality business forged by the Pentals. We are excited to provide the financial and operational support to combine these great businesses, unlock significant growth opportunities, and build a differentiated platform in the sector.”
Conner Searcy, Managing Partner at Trive Capital, remarked, “This merger brings together two highly complementary businesses, creating a stronger, more diversified company with the ability to offer greater opportunities to our customers, suppliers, and employees. We plan to leverage our strengths to pursue continued above-market growth through new location openings and strategic acquisitions.”
Headquartered outside Austin, TX, Architectural Granite & Marble is a leading importer and distributor of natural stone, engineered stone, and related products used in residential construction, commercial construction, and remodeling across the United States. AG&M has beautiful showrooms serving customers in Austin, San Antonio, Oklahoma City, Nashville, Raleigh, Charlotte, Anaheim, and Sun Valley. AG&M’s deep industry experience, excellent reputation, and scale provide access to the finest materials in the world.
ABOUT PENTAL SURFACES
Headquartered in Seattle, WA, Pental Surfaces is one of the largest independent value-added distributors of natural stone, engineered stone, and tile serving the Western United States. Pental has five premium locations in Seattle, Tacoma, Portland, Van Nuys, and Denver with beautiful showrooms and slab galleries. Pental has established a powerful brand in the market with a significant focus on quality, innovative products, and delivering a superior experience to customers in residential construction, commercial construction, and remodeling.
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with over $1 billion in capital under management. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. Trive seeks to maximize total returns to its investors through a hands-on, collaborative partnership with management teams and equity partners.
Trive is industry-agnostic and situation specific, with substantive experience and relationships across a number of sectors. Our professionals have successfully deployed equity and debt capital across a diverse set of manufacturing, distribution and value-add service verticals.