Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has provided subordinated debt financing to Stone Source, a supplier of natural stone and other decorative surface products including porcelain and glass tile, engineered stone and reclaimed wood.
Graycliff’s investment in Stone Source supported a recapitalisation of the business by Founders Equity.
Headquartered in New York City, Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. The company has a nationwide presence, with operations in New York, New Jersey, Massachusetts, Illinois, Washington, DC, Texas and California.
“Stone Source’s reputation for excellence, expansive product line and long-term customer relationships have positioned the company as a premier operator in the Architecture and Design market,” says Steve Hindmarch (pictured), Managing Director, Graycliff Partners. “Graycliff Partners is excited to work with Stone Source’s management to support the company’s continued success.”
