Deepens Presence and Capabilities in Stone Fabrication Supply
Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of surfaces for residential, commercial, and industrial end-markets, announced that it has acquired Advanced Diamond Technologies, Inc. dba Vector Tools (“Vector”). Terms of the transaction were not disclosed.
Founded in 2001 and headquartered in Alpharetta, GA, Vector is a value-added distributor of stone fabrication and installation tools and supplies operating throughout the Southeast. Vector has developed a broad product portfolio of national and propriety brands, including the Vector line of tools. Elbert Wu and Corey Levy, founders of Vector, along with the current management team and employees will continue to operate the company in partnership with the Pearlman team.
“We have been impressed by Vector as a respected competitor of GranQuartz and are excited to be partnering with their team to add to our existing capabilities and serve our collective customers even better,” said Pearlman CEO Scott McLendon. “As seasoned industry professionals, Elbert and Corey have built a solid business, team, and brand all of which we are excited to have at Pearlman.”
Grant Jones, a Managing Director at The Stephens Group added, “We are excited to support the Pearlman team as they continue to execute on a multi-faceted acquisition strategy across core and adjacent markets. The Vector transaction demonstrates the continued opportunity to add unique competitive capabilities that will build an industry-leading specialty distribution platform.”
“Vector Tools was built on hard work, partnership, and a strong customer value proposition. We are excited to be able to continue to build on that legacy with support from our new partners at Pearlman who value our capabilities and team,” said Elbert Wu. Added Corey Levy, “we’re excited to join forces with Pearlman to create more value for our employees, customers, and other industry partners.”
ABOUT PEARLMAN GROUP
Headquartered in Norcross, GA, Pearlman, through its primary brands, GranQuartz, Pearl Abrasive, and Excel Supplies, is a multi-channel developer and distributor of supplies, tools and equipment used in the fabrication, maintenance, and cleaning of surfaces for residential, commercial, and industrial end-markets. Pearlman’s GranQuartz division is the market-leading distributor serving over 8,000 stone fabricators, tile installers, and concrete and monument professionals. Pearl Abrasive is a leading developer and provider of high quality, branded abrasives and cutting tools to over 5,000 distributor customers in construction and industrial end-markets. Excel Supplies is a specialty distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the Southeast. The Company’s products include an extensive offering of proprietary, exclusive, and national branded products with over 18,000 SKUs across multiple price points and applications.
ABOUT VECTOR TOOLS
Based in Alpharetta, GA, Vector Tools is a mobile-centric distributor of stone fabrication tools and supplies founded in 2001 by Elbert Wu and Corey Levy. Vector’s team members serve customers primarily in the Southeast through locations in Nashville, TN, Birmingham, AL, and Charlotte, NC. Vector’s mobile, on-premises sales fulfillment model creates a unique customer value proposition and the Company’s has an established product portfolio of national and propriety brands, including the Vector brand of tools.
ABOUT THE STEPHENS GROUP, LLC
The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With nearly $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, The Stephens Group has invested in 49 companies, targeting investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food, technology infrastructure and tech-enabled services.
Principal, Business Development
The Stephens Group, LLC