Mirus Advises Northeast Masonry Distributors on its Sale to Instone
Instone, a portfolio company of Brookstone Partners, acquired Northeast Masonry Distributors (“NMD”) of Plainville, MA.
Instone is the premier wholesale distributor of manufactured and natural thin veneer stone in the United States. By acquiring NMD, it now provides quality products for both the horizontal and vertical applications. NMD is the largest wholesale distributor of Natural Stone for landscaping in New England.
Jim Palatine, GM of NMD, believes: “becoming part of Instone represents the next big step for NMD’s growth. We couldn’t be more excited to be part of a larger organization that expands our product offering and enhances service.”
Gordon Strout, CEO of Instone, remarked: “After spending years searching for the ‘right’ business to acquire, it was exciting to meet Jim and his team and realize we finally found a high quality team and business that created exceptional synergies with Instone, just outstanding.”
Kevin Grotke, GM of Instone, said: “We are excited to bring these two powerful organizations together to create the strongest distribution platform in the industry.”
Michael Toporek, Brookstone’s Managing General Partner, said: “We are thrilled to put together two companies that have such compatible cultures focused on exceeding customer expectations.”
“This transaction represents the latest successful building products and services deal led by our experienced team,” said Mirus Partner Alan Fullerton.
Mirus served as exclusive financial advisor to Northeast Masonry Distributors.
About Instone and Northeast Masonry Distributors
Instone is the premier distributor of thin veneer stone, both natural and man-made, in the USA. Through its recent acquisition of NMD it now provides products for both the horizontal and vertical planes. For more information, visit www.instoneco.com or www.northeast-masonry.com.
About Brookstone Partners
Founded in 2003, the New York-based firm prides itself on “Building Businesses, Investing in People.” The firm creates investment situations where its goals as investors are directly aligned with those of management and is one of the key factors to its success. Brookstone calls this “goal congruency.” As soon as the firm commits its capital, they expect to begin working aggressively with management to build the company for the benefit of all stakeholders.
Successful business owners have turned to Mirus Capital Advisors for more than 30 years to help them realize their ultimate accomplishment – the sale of their business. As a mid-market investment bank focused on mergers and acquisitions, Mirus drives successful deals for companies in the healthcare, business services, industrial, consumer, and technology industries. Mirus has proven time and again that its deep industry expertise, focus on relationships, thorough preparation and unwavering commitment to every deal lead to meaningful accomplishments for business owners. For more, visit www.merger.com.Back to Transactions