Bloomfield Hills-based O2 Investment Partners LLC has acquired a Kansas City, Kan.-based company, Top Master Inc., for one of its portfolio companies, Birmingham-based Clio Holdings LLC, a regional countertop and fabrication business that now operates in six states.
Top Master, which was founded in 1984, is a major fabricator of countertops in the Midwest with six locations and primarily serves the Iowa, Kansas, Missouri and Nebraska markets.
Clio serves new home builders, commercial contractors, kitchen and bath dealers and home-improvement centers.
"We are proud to join the Clio team and are looking forward to the next phase of growth and expansion for Top Master," said Mike Varone, president of Top Master, in a news release.
Terms were not announced.
The deal follows news last week that O2 Investment Partners had acquired of Wilcox, Pa.-based Precision Compacted Components, the third company to be rolled into a platform company called Alpha Precision Group, which is based in Ridgway, Pa.
Tuesday, November 29, 2016
Posted by Solomon's words for the wise at 11/29/2016 01:59:00 PM