Pebble Technology International, Inc. (PebbleTec) recently announced that it has been acquired by Graycliff Partners, a New York-based investment firm focused on lower-middle market investments in companies that have demonstrated market leadership and innovation. Graycliff reportedly purchased the company from a small group of individual shareholders for an undisclosed price.
Based in Scottsdale, Ariz., PebbleTec has become one of the pool and spa industry’s brand leaders in pool and spa finish products, specializing in a variety of exposed- and polished-aggregate surfaces. Founded in 1987 by a group of Australian investors, the product concept dates back to the 1960s in Australia where it was first used as a finish for driveways. The company was the first to introduce pebble finishes to the U.S. swimming pool market and is widely credited for transforming the pool finish market.
Today, the company markets its product line through a worldwide network of applicators. Sourcing its pebble material in varying sizes and colors from around the globe, including New Zealand, Chile and Mexico, the finishes are processed and packaged via centers in Arizona and Louisiana.
According to Graycliff’s managing director, Will Henderson, “PebbleTec is a household name in the pool business, and we were drawn to its reputation and track record of superior quality, consistency and durability.”
Darrell Eckstein, PebbleTec CEO, added, “We are excited to work with the team at Graycliff to further capture market share in underpenetrated regions, both domestically and internationally.”
Graycliff seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.
