The Pearlman Group, a portfolio company of The Stephens Group, LLC, has acquired Advanced Diamond Technologies, Inc., whose trade name is Vector Tools.
Financial terms of the transaction were not disclosed.
The Pearlman Group is a 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.
Headquartered in Alpharetta, Georgia, Vector is a value-added distributor of stone fabrication and installation tools and supplies operating throughout the Southeast U.S.
Vector founders Elbert Wu and Corey Levy, along with the current management team and employees, will continue to operate the company in partnership with Pearlman.
“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, Pearlman CEO Scott McLendon said. “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.”
Related Posts
-
The distributor of metalworking, industrial, MROP and packaging supplies acquired Tools for Industry and its…
-
Florida-based Excel, a distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies,…
-
The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and…
