GranQuartz, a division of Pearlman Group and a portfolio company of The Stephens Group, LLC, has acquired Regent Stone Products. Terms of the transaction were not disclosed.
Since 1992, Regent Stone Products has distributed stone fabrication and restoration tools and supplies. Based in Virginia Beach, VA, Regent has built a strong, loyal following with fabricators in the Mid-Atlantic region. Dan Davidenko, CEO of Pearlman Group, commented, “We are excited about the addition of Regent to the Pearlman family. They have a fantastic sales force, who have done an excellent job establishing themselves as trusted, reliable resources to their customers. We look forward to continuing to offer that level of service.” Tim Siviter, President of Regent Stone Products, added, “I’ve long admired the GranQuartz division of Pearlman Group and believe our organizations will be stronger together. It was a pleasure to work with The Stephens Group throughout the transaction. They delivered on everything they said they would.”
The acquisition of Regent Stone Products advances Pearlman Group’s goal of building a leading differentiated and scaled distribution platform focused on specialty contractors and fabricators. “Pearlman’s M&A engine continues to be a meaningful value driver,” commented Clay Hunter, Managing Director at The Stephens Group. “The Pearlman management team has a long track record of identifying, acquiring and integrating complementary acquisitions, and we continue to be highly supportive of this component of their strategy as they seek to be the buyer of choice to specialty distributors serving the professional contractor market.”
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