Pearlman Group Acquires Cleansource

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 CleanSource,  Inc. (“CleanSource”). Terms of the transaction were not disclosed. 

Based in Columbia, SC with a second location in Charlotte, NC, CleanSource is a distributor  of professional cleaning and restoration supplies to the Carolinas. In addition to consumables and  supplies, CleanSource offers a full suite of service, education, and rental to its contractor customers.  Founded by Herb and Susan Stutts in 1997, CleanSource has grown under the leadership of their  son Jonathan Stutts who, along with the entire CleanSource team, will continue to operate the  business in partnership with Pearlman. 

“We are thrilled to expand our team and capabilities in the cleaning & restoration market  with the addition of CleanSource, a respected and successful specialty distributor,” said Pearlman  CEO Scott McLendon. “We are thankful the Stutts family has entrusted Pearlman to be a good  steward of the business and team they have grown, and we are excited to work with Jonathan and  the team on the next phase of growth for CleanSource.” 

Grant Jones, a Managing Director at The Stephens Group added, “The CleanSource  transaction demonstrates Pearlman’s differentiated, partnership-based approach to acquisitions and  ability to scale in new adjacencies at pace. We continue to support the Pearlman and the newly  expanded team in creating an industry-leading specialty distribution platform with strong value  proposition across a diverse set of adjacencies.” 

“After decades of hard work and dedication by our team, it was extremely important for our  family to find a partner who shared similar values and would support the continued success, growth,  and legacy of the business we had the fortune to grow as a family,” said Herb Stutts. “Pearlman’s  partnership approach and desire to invest in the growth of our team is an important differentiator  that will allow us to continue to support our loyal customer base,” added Jonathan Stutts. “I am  excited to join the Pearlman team to drive growth strategies in our current markets and beyond,” continued Stutts.


Headquartered in Norcross, GA, Pearlman, through its primary brands, GranQuartz, Vector Tools,  Pearl Abrasive, and Excel Supplies, 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 distributor 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. The Company’s products include an extensive  offering of proprietary, exclusive, and national branded products with over 18,000 SKUs across  multiple price points and applications. 


Headquartered in Columbia, SC, CleanSource is the leading resource for consumables, supplies,  equipment and training to professional cleaning and disaster restoration industries. With a second  location in Charlotte, NC, CleanSource provides a full suite of products and services to thousands of  professionals throughout the Carolinas and beyond. CleanSource is differentiated by its customer  centricity and close-knit culture which treats customers, vendors, and employees with respect and  professionalism. The Company’s strong service capabilities and local support have earned  CleanSource strong customer loyalty over its nearly 25-year history. 


Headquartered in Little Rock, AR, The Stephens Group 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.

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