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The Stephens Group Acquires GranQuartz

Posted on 26 May 2017 by CRadmin3

GranQuartz norcrossbuildingThe Stephens Group, LLC announced that it finalized its acquisition of Pearlman Enterprises, Inc., 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 a distributor serving more than 8,000 stone fabricators, tile installers and concrete and monument professionals across the U.S. Pearl Abrasive is a developer and provider of high quality, branded abrasives and cutting tools to more than 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 more than 18,000 SKUs across multiple price points and applications.

GranQuartz recently acquired Granite City Tool. With the acquisition, an expanded product line and a focus on surpassing the expectations of its customers, GranQuartz has seen significant growth over the last several years.

“We are extremely optimistic about the opportunities presented to us by this investment by The Stephens Group,” said Dan Davidenko, GranQuartz president and CEO. “They know our industry extremely well, they have a focus on industrial distribution, and they understand how to help companies grow.”

You may also be interested in this article about Clio Holdings’ acquisition of US Marble.

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