Sources: Generational Equity, Dallas; CP staff
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, has announced the sale of client Power Rental & Sales, LLC to Pearlman Group of Suwanee, Ga. With one Alabama and two Tennessee locations, Nashville-based Power Rental & Sales is a premier source of decorative concrete supplies, stamping and tools, plus equipment. Over the past two decades, it has developed an extensive knowledge of slab practice; aimed to cover all needs for the decorative and commercial concrete supply market; and, emerged as a one-stop shop for contractors and homeowners looking to breathe life into their indoor or outdoor living spaces.
Pearlman Group is a leading 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. It is among holdings of the Stephens Group, a Little Rock, Ark. private investor backed by the Witt Stephens and Elizabeth Campbell families with upwards of $2 billion of private equity assets under management.
“This was a great opportunity all the way around. Not only was this an ideal fit, but the level of professionalism of both sellers and buyers made for a smooth transaction,” says Generational Equity Senior Managing Director Julie Sandoval, who teamed with Executive Managing Directors Michael Goss and Bill Kushnir in leading the transaction.