The Stephens Group has acquired Pearlman Enterprises from the Harbour Group which invested in the company in 2006.
Pearlman Enterprises is a developer and distributor of supplies, tools, and equipment used in the fabrication and maintenance of hard surfaces in the residential, commercial, and industrial end-markets. The company’s products include proprietary, exclusive, and national branded products with over 18,000 SKUs across multiple price points and applications.
Pearlman operates through two subsidiaries – GranQuartz and Pearl Abrasive. GranQuartz is considered to be one of the larger distributors of stone fabrication tools, equipment and supplies in the United States serving over 8,000 stone fabricators, tile installers and concrete and monument professionals. Pearl Abrasive provides branded abrasives and cutting tools to over 5,000 distributor customers in the construction and industrial end markets.
Pearlman Enterprises is led by CEO Dan Davidenko and is headquartered northeast of Atlanta in Norcross, GA (www.granquartz.com) (www.pearlabrasive.com).
“We are really looking forward to partnering with Dan and the Pearlman team,” said “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,” said Clay Hunter, Managing Director at The Stephens Group. “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.”
The Stephens Group is a family-office that makes both minority and control investments in public and privately held companies. Sectors of interest include energy, energy services & industrials; business services; consumer services & consumer products; financial services; healthcare; and technology, media & telecommunications. The Stephens Group is based in Little Rock, AR (www.stephensgroup.com).
Harbour Group, the seller of Pearlman Enterprises, invests in North American-based companies with valuations from $30 million to $500 million. Areas of interest include product-oriented businesses that are generally either a provider of proprietary products or are a niche, value-added distributor. Since its founding in 1976, Harbour Group has acquired 192 companies in 40 different industries. The firm is based in St. Louis (www.harbourgroup.com).
© 2017 Private Equity Professional | May 16, 2017
