Clio Holdings, LLC of Birmingham, Mich. has acquired Top Master, Inc. of Kansas City, KS, expanding its footprint of regional countertop fabrication businesses to eight states. Top Master, a portfolio company of CID Capital, Inc. of Indianapolis, Ind., is a designer, fabricator and installer of a comprehensive line of custom countertop products, including granite, quartz and solid surface, used in both residential and commercial applications. Jordan, Knauff & Company served as exclusive financial advisor to Top Master and CID Capital throughout the transaction.
Founded in 1984, Top Master has operations in five locations primarily serving the Kansas, Iowa, Missouri and Nebraska markets. As a result of successful partnerships in each market with big box home improvement retailers, kitchen and bath dealer networks, homebuilders and commercial contractors, Top Master has grown to become the largest provider of countertops to the residential remodeling and new residential construction markets in the Midwest. The Company has been recognized for its extensive product offering and commitment to customer service.
Clio was founded in 2016 with a vision to create an industry leading supplier and fabricator of countertops, providing the capital and operational expertise to implement best practices across this highly fragmented industry.
Michael Varone, President of Top Master, stated that partnering with Clio will allow the company to continue its commitment to customer service while enhancing the products, services and opportunities offered to customers, suppliers and team members.
You may also be interested in this article about the acquisition of C-Tech-I Sinks by Chemcore.