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Hamilton Robinson LLC Announces Sale of GranQuartz Holding LLC
Stamford, CT - May 29, 2008 - Hamilton Robinson LLC is pleased to announce the sale of its portfolio company GranQuartz Holding LLC to Harbour Group. GranQuartz is the leading supplier of stone cutting, shaping, grinding and polishing tools to the residential, industrial and commercial stone markets.
This transaction exemplifies Hamilton Robinson’s value creation investment strategy. During Hamilton Robinson’s ownership period of approximately four years, the company achieved significant geographic expansion, increased market share and broadened its product offering. These accomplishments resulted in substantial earnings growth.
Harris Williams acted as exclusive financial advisor to GranQuartz in connection with the transaction.
About Hamilton Robinson LLC
Hamilton Robinson LLC is a leading middle-market private equity investor which since 1984 has successfully backed independent management teams in manufacturing, service, and media businesses throughout North America and Europe. For more information, visit www.hrco.com.
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