PE-backed RDS buys Pinnacle Stone & Tile

L.A.R.K. Industries Inc (dba Residential Design Services and Commercial Design Services), which is backed by Trive Capital, has acquired Pinnacle Stone & Tile. No financial terms were disclosed. Based in Fairfield, California, Pinnacle is a provider of countertop fabrication and tile installation services for the Northern California residential housing market.

PRESS RELEASE

DALLAS, Texas; ANAHEIM, California; FAIRFIELD, California

RDS and Trive Capital (“Trive”) are proud to announce that RDS has acquired substantially all of the assets of Pinnacle Stone & Tile (“Pinnacle” or the “Company”). Founded in 1992 and based in Fairfield, CA, Pinnacle provides countertop fabrication and tile installation services for the residential housing market in Northern California. Through its two facilities in Fairfield, CA and San Jose, CA, Pinnacle combines industry-leading technology and old world hand-fabrication techniques to deliver premium installed products with a commitment to providing the highest levels of service in the industry.

“Pinnacle Stone & Tile perfectly complements RDS’ existing product offering while significantly expanding our geographic reach and access to skilled labor in the Northern California market. The combined companies provide increased versatility and flexibility to a growing customer base through RDS’ extensive design center network and ability to provide seamless coverage for the entire suite of interior finishes,” commented Dan Lenahan, Vice President at Trive Capital.

Scott Cheeseman, President and CEO of Pinnacle, stated, “I am very excited for Pinnacle to join the RDS family. The combination of the two companies in Northern California provides an unrivaled platform from which we can continue to grow and deliver on our mission to provide excellent service at a compelling value to an even larger geographic area and customer base.”
Chris Zugaro, Partner at Trive Capital, noted, “We are happy to welcome Scott Cheeseman and his team into RDS and are excited to see the value that this combination creates. The purchase of Pinnacle Stone & Tile is consistent with Trive’s collaborative approach to enhancing middle-market companies.”

About Pinnacle Stone & Tile
Founded in 1992, Pinnacle Stone & Tile (www.pinnaclestoneandtile.com) provides countertop fabrication and tile installation services from its facilities in Fairfield, CA and San Jose, CA. The Company’s team of fabricators, tile setters, and installation crews have been associated with some of the largest and most respected commercial and residential projects in Northern California. With a balance of innovative, industry-leading technology and highly skilled craftsmanship, Pinnacle strives to deliver the highest level of service and the finest installed products available. The Company’s countertops, medallions, floors and walls, and other clad surfaces are a testament to Pinnacle’s commitment to create surfaces of enduring beauty that exceed customer expectations.

About L.A.R.K. Industries
L.A.R.K. Industries, Inc., dba Residential Design Services and Commercial Design Services (www.resdesign.com), is a leading provider of outsourced design centers and interior surfaces installation services. Headquartered in Anaheim, California, L.A.R.K. services large residential homebuilders and commercial real estate developers in the Western United States. The Company was founded in 1988 and prides itself on its reputation for delivering high quality, customized sales and installation solutions for a wide range of products, including flooring, countertops, wall tiles, window treatments, finished carpentry, and other interior finishes.

About Trive Capital
Trive Capital (www.trivecapital.com) is a Dallas-based private equity firm focused on making private equity investments in companies headquartered in US and Canada. Trive is currently investing from a $300 million institutional fund raised in 2013. Trive utilizes proven operational best practices and identifies actionable opportunities that allow businesses, shareholders, and employees to realize their full long-term potential.