LITTLE ROCK, AR – Pearlman Group, a holding company of The Stephens Group, LLC and a multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of surfaces for residential, retail, and industrial end markets, announced the acquisition of CleanSource, Inc. Terms of the transaction were not disclosed.
Based in Columbia, SC with a second location in Charlotte, NC, CleanSource is a distributor of professional cleaning and restoration supplies in the Carolinas. In addition to consumables and supplies, CleanSource offers a full range of services, training and rentals to its contractor customers. Founded by Herb and Susan Stutts in 1997, CleanSource has grown under the leadership of their son Jonathan Stutts who, along with the entire CleanSource team, will continue to operate the business in partnership with Pearlman.
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“We are excited to expand our team and capabilities in the cleaning and restoration market with the addition of CleanSource, a respected and successful specialty distributor,” said Pearlman CEO Scott McLendon. “We are grateful that the Stutts family have entrusted Pearlman with the role of good stewards of the business and the team they have developed, and we are excited to work with Jonathan and the team on the next phase of growth. from CleanSource.”
Grant Jones, Managing Director of Stephens Group, added: “The CleanSource transaction demonstrates Pearlman’s differentiated, partnership-based approach to acquisitions and its ability to move quickly into new adjacencies. We continue to support Pearlman and the newly expanded team in building an industry-leading specialty distribution platform with a strong value proposition across a diverse set of adjacencies.
READ MORE: MRO distributor Pearlman Group acquires Excel Cleaning and Restoration Supplies – September 28, 2021
“After decades of hard work and dedication from our team, it was extremely important for our family to find a partner who shared similar values and would support the continued success, growth and legacy of the business we have had. the chance to grow as a family.” said Herb Stutts. “Pearlman’s partnership approach and willingness to invest in the growth of our team is a significant differentiator that will allow us to continue to support our loyal customer base. “, added Jonathan Stutts. “I am excited to join the Pearlman team to drive growth strategies in our current markets and beyond,” continued Stutts.
Based in Norcross, GA, Pearlman, through its primary brands, GranQuartz, Vector Tools, Pearl Abrasive and Excel Supplies, is a multi-channel developer and marketer of supplies, tools and equipment used in fabrication, service, cleaning and restoration. of surfaces for the residential, commercial and industrial end markets. Pearlman’s GranQuartz division is the market’s leading distributor serving thousands of stone fabricators, tile installers, and concrete and monument professionals. Vector Tools is a mobile distributor of stone crafting tools and supplies in the Southeast. Pearl Abrasive is a leading developer and supplier of high quality brand name abrasives and cutting tools to thousands of distributor customers in the construction and industrial end markets. Excel Supplies is a specialty distributor of professional cleaning, catering, pressure washing and janitorial equipment and supplies in the Southeast. The Company’s products include an extensive line of exclusive, exclusive and national brand products with over 18,000 SKUs in multiple price ranges and applications.
Based in Columbia, SC, CleanSource is the premier resource for consumables, supplies, equipment and training for the professional cleanup and disaster restoration industries. With a second location in Charlotte, NC, CleanSource provides a full line of products and services to thousands of professionals in the Carolinas and beyond. CleanSource is differentiated by its customer focus and tight-knit culture that treats customers, suppliers and employees with respect and professionalism.
Based in Little Rock, AR, The Stephens Group is a private investment firm that partners with talented management teams to help build companies of value. Drawing on the resources of the Witt Stephens and Elizabeth Campbell families, the company combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With nearly $2 billion in private equity assets under management, the firm has a long history of providing insightful, sophisticated expertise and working with owners and managers to help them successfully realize their visions. strategies and create long-term value. Since 2006, The Stephens Group has invested in 49 companies, targeting investments in industries across the United States, including industrial and commercial products and services, specialty distribution, B2B food, technology infrastructure and technological services.