The Stephens Group LLC, the Little Rock investment company led by Witt Stephens Jr. and Elizabeth Stephens Campbell, announced Tuesday that it had acquired Pearlman Enterprises Inc. of Norcross, Georgia.
Terms of the deal were not disclosed.
Pearlman is the parent company of GranQuartz and Pearl Abrasive. The announcement described it as “a multi-channel developer and distributor of supplies, tools, and equipment used in the fabrication and maintenance of hard surfaces for residential, commercial, and industrial end-markets.” It sells more than 18,000 separate products
“We are really looking forward to partnering with Dan and the Pearlman team,” said Clay Hunter, managing director at The Stephens Group. “The GranQuartz and Pearl Abrasive brands are synonymous with quality, service and innovation, and as a result, they are clear market leaders with devoted and diverse customer bases. 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. We couldn’t be more pleased to have the Pearlman team as part of our family and we look forward to helping them take this first-class organization to new levels of excellence.”
Dan Davidenko, Pearlman’s CEO, expressed optimism about the new ownership.
“Because The Stephens Group is not a private equity fund, their permanent and patient capital base allows them to focus on the very long-term and make decisions, at all times, that are in the best interests of Pearlman’s employees, customers and supplier partners. We will be working closely with their team as we continue our efforts to be the most trusted and respected company in the industry,” he said in the release.
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