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 and maintenance of hard surfaces for residential, commercial, and industrial end-markets, announced that it has acquired Kimelmac, Inc. dba Excel Cleaning and Restoration Supplies (“Excel”). Terms of the transaction were not disclosed.
Founded in 1988 and headquartered in Fort Myers, FL, Excel is a distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the Southeast. In addition to equipment and supplies, Excel offers consulting, training, and equipment repairs. Matt and Julia Nelson, owners of Excel, along with the current management team and employees will continue to operate the company in partnership with the Pearlman team.
“We have been seeking to expand Pearlman into adjacent end markets and identified the restoration and professional cleaning markets as a top priority,” said Pearlman CEO Scott McLendon. “We were immediately impressed with Matt and his team of seasoned industry professionals and are excited to expand our capabilities into these markets in partnership with the Excel team.”
Grant Jones, a Managing Director at The Stephens Group added, “Restoration and professional cleaning is a natural adjacency to Pearlman’s core markets, and we are excited to support the Pearlman team as they expand their product offering in these markets, continuing to build an industry-leading specialty distribution platform.”
“Excel is focused on delivering value to our customers, suppliers, and team members alike and we wanted a partner who shared this same commitment while maintaining the culture that makes Excel unique. We found this in Pearlman and The Stephens Group, and the team and I are excited about the growth opportunities for the combined business going forward. I am happy that we found a partner that can not only help take us to the next level but can do so while continuing to treat our customers with the level of support and service they are used to and deserve,” said Matt Nelson.