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
The Stephens Group is a family-owned firm investing its capital in a variety of industries, including: energy and industrials, business services, financial services, healthcare, consumer goods and services, technology, media and telecom. The firm, through minority and control positions, has partnered with more than 200 companies and invested more than $1 billion since 2006. The Stephens Group managing director Clay Hunter says, ”We are committed to supporting the continued growth of the business as it further penetrates its existing markets, enters new markets and introduces new products.”
Similar deals involving abrasive equipment includes KPS Capital Partners’ acquiring steel abrasive manufacturer WHA Holdings SAS from a group of investors; Ridgemont Equity Partners’ completing its majority investment in Abrasive Products & Equipment. Other manufacturing deals include: Littlejohn & Co. LLC buying Maysteel Industries LLC, a designer and manufacturer of sheet metal enclosures; Orangewood Partners’ acquiring George Industries LLC; Liberty Hall Capital Partners’ purchasing aerospace parts supplier ZTM Inc.; and LFM Capital’s backing of hydraulic clamps maker Vektek LLC.
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