M&A Deal Summary

Founders Equity Acquires Stone Source

On August 14, 2006, private equity firm Founders Equity acquired building materials company Stone Source for 15M USD

Acquisition Highlights
  • This is Founders Equity’s 1st transaction in the Building Materials sector.
  • This is Founders Equity’s largest (disclosed) transaction.
  • This is Founders Equity’s 8th transaction in the United States.
  • This is Founders Equity’s 2nd transaction in New York.
Investment Fate
  • Stone Source was recapitalized in 2015.
  • Stone Source was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2006-08-14
Target Stone Source
Sector Building Materials
Buyer(s) Founders Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 15M USD

Target

Stone Source

New York, New York, United States
Stone Source provides natural stone, porcelain tile, ceramic tile, glass tile, engineered stone, and reclaimed wood. Stone Source also distributes products for residential applications. Stone Source was founded in 1988 and is based in New York City.

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Buyer(S) 1

Buyer

Founders Equity

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Founders Equity is a private equity firm that looks to lead lower middle-market company investments. Founders looks to invest up to $10 million of equity in companies with revenues between $20 and $150 million and cash-flow between $2 and $15 million. Sectors of interest include business and marketing services, outsourcing and logistics, healthcare services, environmental services, security systems, oilfield services, consumer products and services, food/food Services, franchising, and niche manufacturing. Prospective transactions are generally located East of the Rocky Mountains and include management buyouts, recapitalizations, turnarounds, growth financings, take privates, and corporate divestitures. Founders Equity was formed in 1969 and is based in New York City.

DEAL STATS #
Overall 8 of 12
Sector (Building Materials) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (New York) 2 of 5
Country (United States) 8 of 12
Year (2006) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Roses Brands

Canajoharie, New York, United States

Roses Brands is a manufacturer of branded and private label candy and confectionery products, including soft sugar mints. Roses Brands was founded in 1893 and is based in Canajoharie, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-20 AdvantEdge Healthcare Solutions

Warren, New Jersey, United States

AdvantEdge Healthcare Solutions is a business process outsourcer (“BPO”) and application service provider (“ASP”) that offers medical claims transaction processing through its proprietary, scalable web-based practice management system to physicians and third-party billing companies. AdvantEdge Healthcare Solutions was founded in 1999 and is based in Warren, New Jersey.

Buy -
Mergr

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