Adds New Capabilities and Reach in Cleaning & Restoration
Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and 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, announced that it has acquired J. Dulac & Sons, Inc. dba Cleaners Connection (“Cleaners Connection”). Terms of the transaction were not disclosed.
Based in North Little Rock, AR, Cleaners Connection is a specialty distributor of cleaning and restoration supplies serving contractors and professionals in the Midwest and South. Founded in 1999, Cleaners Connection has grown under the leadership of brothers Rob and Gene Dulac and has been a go-to resource in its region and beyond for the past 20+ years. Cleaners Connection’s experienced team supports thousands of professionals with supplies, equipment, and rental needs.
“Pearlman is excited to continue our expansion in the Cleaning & Restoration market through this partnership with Cleaners Connection.” said Pearlman CEO Scott McLendon. “We look forward to building on the Dulac family legacy in with Gene and his team.”
Grant Jones, a Managing Director at The Stephens Group added, “The Cleaners Connection transaction represents continued expansion of Pearlman’s presence in diverse adjacent markets. We are thrilled to partner with a local business in the Little Rock market and look forward to supporting Pearlman’s continued growth nationally.”
“The Pearlman Group partnership represents a new era and opportunity for Cleaners Connection and the dedicated team that has built the business into what it is today. Pearlman’s support and investment will support continued growth while preserving the culture that our family has built.”, said Rob Dulac. “I am excited to join Pearlman while continuing to lead our business and team locally with a new level of support and investment.”, added Gene Dulac.
ABOUT PEARLMAN GROUP
Headquartered in Norcross, GA, Pearlman, through its brands, GranQuartz, Vector Tools, Pearl Abrasive, Excel Supplies, and Cleansource, is a multi-channel developer and distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of surfaces for residential, commercial, and industrial end-markets. Pearlman’s GranQuartz division is the market-leading distributor serving thousands of stone fabricators, tile installers, and concrete and monument professionals. Vector Tools is a mobile-centric distributor of stone fabrication tools and supplies in the Southeast. Pearl Abrasive is a leading developer and provider of high quality, branded abrasives and cutting tools to thousands of customers in construction and industrial end-markets. Excel Supplies is a specialty distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the Southeast. Cleansource is specialty distributor of cleaning and restoration supplies throughout the Carolinas.
ABOUT CLEANERS CONNECTION
Based in North Little Rock, AR Cleaners Connection is a specialty distributor of cleaning and restoration supplies and equipment servicing contractors and professionals throughout Midwestern and Southern states. In addition to a full suite of supplies equipment, Cleaners Connection provides value-added service and rental to cleaning and restoration professionals.
ABOUT THE STEPHENS GROUP, LLC
Headquartered in Little Rock, AR, The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With nearly $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, The Stephens Group has invested in 49 companies, targeting investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food, technology infrastructure and tech-enabled services.
Principal, Business Development
The Stephens Group, LLC