Buyout (LBO, MBO, MBI) • Building Materials

Greyrock Capital Group and Goense Capital Partners Acquire Pinnacle Stone & Tile

On February 1, 2006, mezzanine finance firm Greyrock Capital Group and private equity firm Goense Capital Partners acquired building materials company Pinnacle Stone & Tile

Acquisition Context
  • This is Greyrock Capital Group’s 3rd and Goense Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is Greyrock Capital Group’s 20th and Goense Capital Partners’ 4th transaction in the United States.
  • This is Greyrock Capital Group’s 4th and Goense Capital Partners’ 1st transaction in California.
Investment Fate
  • Pinnacle Stone & Tile was sold to a strategic buyer in 2015.

Explore All 538 Buyout (LBO, MBO, MBI) Building Materials Deals - Search the Database Free


M&A Deal Summary

Date February 1, 2006
Target Pinnacle Stone & Tile
Sector Building Materials
Buyer(s) Greyrock Capital Group
Goense Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Pinnacle Stone & Tile

Fairfield, California, United States
Pinnacle Stone & Tile is a provider of excellent service at a compelling value for our customers. Our team of fabricators, tile setters and installation crews have been associated with some of the largest and most respected commercial and residential projects in Northern California.
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Buyers Overview 2

Buyer

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


Deal Context for Buyer #
Overall 20 of 63
Sector: Building Materials 3 of 4
Type: Buyout (LBO, MBO, MBI) 9 of 35
State: California 4 of 15
Country: United States 20 of 62
Year: 2006 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Aqua-Chem

Knoxville, Tennessee, United States

Aqua-Chem is a manufacturer of specialized water distillation, purification, desalinization, and filtration systems and provides associated aftermarket parts and services. Aqua-Chem was founded in 1929 and is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Allstar Magnetics

Vancouver, Washington, United States

Allstar Magnetics is a distributor of hard and soft ferrites and powdered iron cores, bobbins and associated hardware used primarily in power conversion, electromagnetic interference suppression, and filtering and pulse transformation in analog devices. The Company carries over 3,000 product SKU's sold to a wide variety of electronic component manufacturers. Allstar Magnetics was founded in 1989 and is based in Vancouver, Washington.

Buy -
Buyer

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 4 of 11
Sector: Building Materials 2 of 2
Type: Buyout (LBO, MBO, MBI) 3 of 7
State: California 1 of 2
Country: United States 4 of 11
Year: 2006 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-02 CrossCom

Buffalo Grove, Illinois, United States

CrossCom delivers nationwide IT services and solutions for geographically dispersed multi-unit operators in the retail, automotive, grocery, hospitality, and restaurant industry segments. CrossCom was founded in 1981 and is based in Buffalo Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-21 Melco Electric

Coral Springs, Florida, United States

Leading residential electric contractor in Florida.

Sell -