The Stephens Group LLC has completed the acquisition of Pearlman Enterprises Inc., an abrasive equipment developer used in the residential and commercial sectors, for an undisclosed amount. The Stephens Group investment is intended to assist the target in entering new markets and adding new products to its business.
Pearlman distributes abrasive cutting tools and supplies used in the fabrication and maintenance process of hard surfaces. The Norcross, Georgia-based target sells its products under the Pearl Abrasive and GranQuartz brands. Pearlman’s GranQuartz division sells to more than 8,000 stone fabricators, tile installers, and concrete professionals. The target, under the Pearl Abrasive name, sells branded abrasives tools to over 5,000 clients in the construction and industrial end-markets