Investment Summary

Founders Equity Exit Stone Source

On September 23, 2015, private equity firms Graycliff Partners and Founders Equity invested in building materials company Stone Source from Founders Equity

Investment Highlights
  • This is Graycliff Partners’ 2nd and Founders Equity’s 2nd transaction in the Building Materials sector.
  • This is Graycliff Partners’ 24th and Founders Equity’s 12th transaction in the United States.
  • This is Graycliff Partners’ 3rd and Founders Equity’s 5th transaction in New York.
Investment Fate
  • Stone Source was sold to a strategic buyer in 2022.

Investment Summary

Date 2015-09-23
Target Stone Source
Sector Building Materials
Investor(s) Graycliff Partners
Founders Equity
Sellers(s) Founders Equity
Deal Type Recapitalization

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.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 29 of 79
Sector: Building Materials M&A 2 of 6
Type: Recapitalization M&A Deals 3 of 10
State: New York M&A 3 of 8
Country: United States M&A 24 of 74
Year: 2015 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Wood Pro

Auburn, Massachusetts, United States

Wood Pro is a distributor of hardwood flooring, tile and related installation and finishing supplies to flooring contractors. The company has earned the title "The Wood Floor Experts" with distribution centers able to provide customers with a full array of materials, equipment, experience and expert advice for any floor project plus unmatched customer service. Wood Pro was founded in 1993 and is based in Auburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Super Color Digital

Irvine, California, United States

Super Color Digital produces wide and grand-format promotional digital printing products. The Company has the capability to print products on a variety of substrates up to 16’ by 150’. Super Color Digital’s promotional printed products include outdoor banners, building wrap, fleet graphics and trade show graphics. Super Color Digital was founded in 1981 and is based in Irvine, California.

Buy -
Investor

Founders Equity

New York, New York, United States

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 12 of 12
Sector: Building Materials M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 1
State: New York M&A 5 of 5
Country: United States M&A 12 of 12
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Glass America

Chicago, Illinois, United States

Glass America conducts an automobile glass repair and replacement business in 22 states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Oncology Services International

Montebello, New York, United States

Oncology Services International, Inc. is a provider of radiation therapy equipment, including linear accelerators and CT simulators. Oncology Services International was founded in 1985 and is based in Montebello, New York.

Sell -

Seller(S) 1

SELLER

Founders Equity

New York, New York, United States

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 4 of 6
Sector: Building Materials M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 1
State: New York M&A 1 of 3
Country: United States M&A 4 of 6
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Glass America

Chicago, Illinois, United States

Glass America conducts an automobile glass repair and replacement business in 22 states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Oncology Services International

Montebello, New York, United States

Oncology Services International, Inc. is a provider of radiation therapy equipment, including linear accelerators and CT simulators. Oncology Services International was founded in 1985 and is based in Montebello, New York.

Sell -