The Stephens Group LLC said May 16 that it acquired Pearlman Enterprises Inc, parent of GranQuartz and Pearl Abrasive. Financial terms weren’t announced. Pearlman, of Norcross, Georgia, develops and distributes supplies, tools, and equipment used in the fabrication and maintenance of hard surfaces for residential, commercial, and industrial end-markets.
LITTLE ROCK, Ark.–(BUSINESS WIRE)–The Stephens Group, LLC announced today that it finalized its acquisition of Pearlman Enterprises, Inc. (“Pearlman” or the “Company”), the parent company of GranQuartz and Pearl Abrasive. Terms of the transaction were not disclosed.
Pearlman, headquartered in Norcross, GA, is a multi-channel developer and distributor of supplies, tools, and equipment used in the fabrication and maintenance of hard surfaces for residential, commercial, and industrial end-markets.
Pearlman’s GranQuartz division is the market leading distributor serving over 8,000 stone fabricators, tile installers and concrete and monument professionals across the U.S. Pearl Abrasive is a leading developer and provider of high quality, branded abrasives and cutting tools to over 5,000 distributor customers in construction and industrial end markets. The Company’s products include an extensive offering of proprietary, exclusive, and national branded products with over 18,000 SKUs across multiple price points and applications.
“We are really looking forward to partnering with Dan and the Pearlman team,” said Clay Hunter, managing director at The Stephens Group. “The GranQuartz and Pearl Abrasive brands are synonymous with quality, service and innovation, and as a result, they are clear market leaders with devoted and diverse customer bases. We are committed to supporting the continued growth of the business as it further penetrates its existing markets, enters new markets and introduces new products. We couldn’t be more pleased to have the Pearlman team as part of our family and we look forward to helping them take this first-class organization to new levels of excellence.”
“We are extremely optimistic about the opportunities presented to us by this investment by The Stephens Group,” said Dan Davidenko, Pearlman’s chief executive officer. “They know our industry extremely well, they have a focus on industrial distribution, and they understand how to help companies grow. Because The Stephens Group is not a private equity fund, their permanent and patient capital base allows them to focus on the very long-term and make decisions, at all times, that are in the best interests of Pearlman’s employees, customers and supplier partners. We will be working closely with their team as we continue our efforts to be the most trusted and respected company in the industry.”
ABOUT THE STEPHENS GROUP, LLC
The Stephens Group is a private, family-owned firm investing its capital in companies with exceptional management teams and high returns on invested capital in growing industries. The Stephens Group has a long history of successfully investing in both minority and control positions across multiple industries. Through its affiliates, The Stephens Group has or has had significant positions in consumer and specialty retail, distribution, industrial products and services, healthcare, telecom, media and technology, communications, energy services and gas exploration and production and other industries.