Expands Product Offering into the Restoration and Professional Cleaning Markets
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 and maintenance of hard surfaces for residential, commercial, and industrial end-markets, announced that it has acquired Kimelmac, Inc. dba Excel Cleaning and Restoration Supplies (“Excel”). Terms of the transaction were not disclosed.
Founded in 1988 and headquartered in Fort Myers, FL, Excel is a distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the Southeast. In addition to equipment and supplies, Excel offers consulting, training, and equipment repairs. Matt and Julia Nelson, owners of Excel, along with the current management team and employees will continue to operate the company in partnership with the Pearlman team.
“We have been seeking to expand Pearlman into adjacent end markets and identified the restoration and professional cleaning markets as a top priority,” said Pearlman CEO Scott McLendon. “We were immediately impressed with Matt and his team of seasoned industry professionals and are excited to expand our capabilities into these markets in partnership with the Excel team.”
Grant Jones, a Managing Director at The Stephens Group, added, “Restoration and professional cleaning is a natural adjacency to Pearlman’s core markets, and we are excited to support the Pearlman team as they expand their product offering in these markets, continuing to build an industry-leading specialty distribution platform.”
“Excel is focused on delivering value to our customers, suppliers, and team members alike and we wanted a partner who shared this same commitment while maintaining the culture that makes Excel unique. We found this in Pearlman and The Stephens Group, and the team and I are excited about the growth opportunities for the combined business going forward. I am happy that we found a partner that can not only help take us to the next level but can do so while continuing to treat our customers with the level of support and service they are used to and deserve,” said Matt Nelson.
ABOUT PEARLMAN GROUP
Headquartered in Norcross, GA, Pearlman, through its primary brands, GranQuartz and Pearl Abrasive, is 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. 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. 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 EXCEL CLEANING AND RESTORATION
Headquartered in Fort Myers, FL, Excel is Florida’s largest supplier of to the professional carpet cleaning and disaster restoration industries. Excel represents the industry’s leading brands, offering chemicals and equipment to support not only professional cleaning companies and disaster restoration contractors, but also pressure washing and janitorial professionals with a variety of products and service. Excel prides itself on customer service, product knowledge, and maintaining a culture where customers are treated like family. The company also provides fully stocked parts and service departments for all makes of cleaning and restoration equipment repairs. Excel Supplies is a proud member of New Source Network and ships nationwide.
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