Graycliff Partners has acquired Pebble Technology International, a designer and manufacturer of swimming pool finishes.
Pebble Technology International (PTI) specializes in high-end aggregate finishes. The company sources its stones of varying sizes and colors from across the globe (including from as far away as New Zealand, and Chile) and uses a proprietary application process to produce custom finishes that last decades. The company’s customers include applicators and pool builders worldwide.
PTI, led by CEO Darrell Eckstein, was founded in 1987 and has manufacturing and processing centers in Arizona and Louisiana with a headquarters in Scottsdale, AZ (www.pebbletec.com). “We are excited to work with the team at Graycliff to further capture market share in under-penetrated regions, both domestically and internationally,” said Mr. Eckstein.
“PebbleTec is a household name in the pool business, and we were drawn to its reputation and track record of superior quality, consistency and durability,” said Will Henderson, Managing Director, Graycliff Partners.
Graycliff invests from $5 million to $40 million of equity and mezzanine capital in companies with revenues of at least $10 million and EBITDA margins of 10% or higher. Sectors of interest include manufacturing, services and distribution. Both control and minority investments are considered. The firm was formed in December 2011 by the former investment team of HSBC Capital. Graycliff is headquartered in New York (www.graycliffpartners.com).
© 2018 Private Equity Professional | October 3, 2018