Platinum Equity-backed Paramount Global Surfaces has acquired Stone Source from a group of investors led by Founders Equity.
Stone Source is a distributor of natural stone, ceramic tile, and decorative surfaces used by contractors and consumers. The firm delivers its products through architect and design channels for commercial and high-end residential use. Stone Source’s products are used in a spectrum of commercial flooring applications, similar to PGS’s ceramic technics division.
“Joining forces with PGS will provide Stone Source the benefit of greater scale and enable delivery of a more comprehensive product offering to our customers,” said Stone Source CEO Joe MacIsaac. “I’m proud of the way our company has performed and navigated the challenges posed by the pandemic over the past two years. This is an exciting new opportunity and I look forward to the road ahead.”