“Stone Panels has created a product that’s superior to both traditional dimensional stone and to any other thin-clad product available. We’re extremely impressed with the StoneLite® products and we are proud to be partnering with the Stone Panels management team that guided the company to its position of leadership in the marketplace,” said Jim Cooper, Senior Managing Partner, Thompson Street Capital Partners. “With this acquisition we’ll be there to help foster the company’s continued success and support the accelerated growth of the business.”
Stone Panels is a manufacturer of natural stone composite panels. The company’s StoneLite® thin-clad panels are composed of a thin stone veneer, a honeycomb backing and a high-strength fiber-reinforced epoxy skin. The company’s products are used for a variety of building construction, retrofit and design applications. The company is based northwest of Dallas in Coppell, TX (www.stonepanels.com).
Thompson Street Capital Partners makes investments in manufacturing, service and distribution businesses with annual revenues between $20 million and $200 million, and a minimum EBITDA of $5 million. Thompson Street partners with management in recapitalizations, management buyouts, corporate divestitures, family businesses in transition, and take-private transactions. Founded in 2000, the firm has managed more than $800 million in private equity capital and is currently investing its third fund. Thompson Street Capital Partners is based in St. Louis (www.tscp.com).
2014 PEPD • Private Equity’s Leading News Magazine • 8-1-14