Pearlman Industries, Inc., which was recently acquired by Harbour Group, has acquired Dimensional Tools, Inc., Jeff Fox, Harbour Group’s Chief Executive Officer, announced today.
Dimensional Tools, based in Dallas, will become part of Pearlman’s Keystone Tools division. Terms of the transaction were not disclosed.
Dimensional Tools is a value-added distributor of products for the stone fabrication market. It has locations in Dallas and Phoenix as well as a fleet servicing customers in the field. Like the Keystone Tools division of Pearlman, Dimensional Tools differentiates itself by providing a broad array of products, timely on-site product delivery, and outstanding customer service. Dimensional Tools’ efficient operations and deep knowledge of its product lines are key competitive advantages.
Mr. Fox said, “The management of Dimensional Tools built a loyal customer base through diligent customer service and a flexible, responsive operating model that will seamlessly integrate into Keystone’s existing business. The locations are a natural extension of our geographies and expand our footprint into attractive growing markets. This acquisition further demonstrates Keystone’s dedication to growth through both internal initiatives and an aggressive acquisition strategy.”
Robert Pico, President of Dimensional Tools, said, “Our team worked hard to build the company into a recognized leader in its markets. We believe we have the keys to successful growth and are pleased that Harbour Group and Keystone are willing to dedicate significant resources to help us achieve our goals. With the Keystone resources plus Harbour Group’s three decades of experience building companies like ours, we’re confident that we’ll be able to grow with extended product lines and even higher levels of customer service.”
Zack Pearlman, President of Pearlman Industries, commented, “We couldn’t be more pleased to have Robert and his team on board. Robert built a great business and we’re looking forward to providing him and his team the resources they need to accelerate growth.”
Pearlman Industries, Inc. is based in Commerce, Cal. It is a leading supplier of diamond cutting products and abrasives to professionals in diverse end-markets, including stone, tile, construction, welding, and equipment rental. The company has two divisions: Pearl Abrasives, which develops unique branded abrasives and diamond products sold through distributors to a wide range of industries; and Keystone Tools, a distributor of stone cutting and fabrication tools, blades and consumables to endusers, with a focus on the natural stone market.
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, including automotive enthusiast products, lubricating systems and equipment, abrasives, diamond cutting products and related tools, specialty LED lighting products, linear actuators and switches, entertainment products, auxiliary plastic processing equipment, and heat exchange equipment. Since its founding in 1976, Harbour Group has completed 148 acquisitions in 32 industries.
