Pearlman Gets Stone Tool Supply

ST. LOUIS – Pearlman Industries Inc., the parent of Pearl Abrasive Co. and Keystone Tools, completed the acquisition of Stone Tool Supply Inc. on July 12. Terms of the transaction were not disclosed.
Atlanta-based Stone Tool Supply is a value-added distributor of a wide range of tools, equipment and accessories to stone fabricators. The company serves customers throughout the Southeast from its retail location in Atlanta, as well as with a fleet of mobile sales vehicles, similar to the model of the Keystone Tools division of Pearlman.
Robbie White, Stone Tool Supply president, founded the company in 2001, and will continue to lead it after the acquisition.
“Robbie and his team have such deep experience and close relationships with their customers; we couldn’t be happier to have them on board,” said Jeff Fox CEO of Harbour Group, Pearlman’s parent company. “We work very hard to add value to our companies, and what we’ve helped the Pearlman team accomplish in a short time, including enhancing their presence in the important and growing Southeast, is an excellent example.”
“We always put our customers first, and we are convinced that Pearlman is committed to the same objective,” White said. “It was this dedication to customer service, as well as the financial and operational support provided by Harbour Group, that made Pearlman my partner of choice.
“Stone Tool Supply has grown very rapidly and is doing great – we certainly didn’t need to do anything, but it was clear that Zack Pearlman and Harbour Group are building a winning team. For our customers, the team will remain the same, but we’ll now have the support and resources of a larger organization, which will be invaluable in our efforts to continually increase the competitiveness of our business.”
“Our goal is to provide our customers unmatched customer service and product quality,” said Zack Pearlman, president of Pearlman Industries. “Adding Stone Tool’s outstanding team in the East is a wonderful opportunity. In a relatively short amount of time, Robbie and his team have built a tremendous business with great growth prospects, and I look forward to working with them to continue building the premier nationwide stone tool distribution company.”
Harbour Group, a privately owned company based in St. Louis, and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products. Since its founding in 1976, Harbour Group has completed 149 acquisitions in 32 industries.