Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce its investment in and partnership with Architectural Granite & Marble, Ltd. (“AG&M” or the “Company”). Founded in 1992 and headquartered outside of Austin, Texas, AG&M imports and distributes natural stone, engineered stone, and related products used in residential construction, commercial construction, and remodeling.
From its five locations across the United States, AG&M serves a national customer base, sourcing materials from around the world while ensuring high quality through a network of material inspection professionals overseas. The Company’s longstanding relationships with international quarry operators and factories help ensure availability of supply and a high level of material consistency for AG&M’s customer set, which includes leading countertop fabricators, architects, interior designers, and commercial contractors.
“We are excited to partner with a highly capable AG&M management team that has a very successful history of executing a differentiated strategy in the stone distribution segment,” commented Conner Searcy, Managing Partner at Trive Capital. “Given Trive’s extensive experience in the building products sector and our hands-on approach to portfolio company operations, we are uniquely suited to support the continued expansion of AG&M.”
AG&M President and Founder Jack Seiders stated, “Trive’s unique approach and genuine desire to understand our business and help us grow clearly differentiated them from other financial partners. AG&M has always been a relationship-focused company, and we feel Trive is a great fit given their similar orientation. Throughout the process, Trive provided us with considerable resources and demonstrated an open and honest approach that has the entire AG&M team very excited about a successful future together.”
Chad Seiders, National Sales Manager at AG&M, added, “AG&M’s business model revolves around delivering exceptional service levels to our customers. With Trive’s financial backing and operational expertise, we can expand into new locations and broaden our product offering to better meet the needs of our customers.”
Trive Vice President Dan Lenahan noted, “Trive is proud to partner with AG&M to pursue a multitude of exciting value creation initiatives in front of the Company. The collaborative dynamic struck between AG&M and Trive gives us the opportunity to continue to improve daily operations, successfully execute a well-rounded growth strategy, and unlock the Company’s full potential.”
About Architectural Granite & Marble
AG&M (www.agmgranite.com) is a leading distributor of natural stone, engineered stone, and related products used in residential construction, commercial construction, and remodeling. For over 23 years, AG&M has leveraged its reputation, industry expertise, and international relationships to provide its customers with high quality products from quarries around the world. AG&M carries more than 120 colors of natural stone slabs from Brazil, India, China, Europe, and beyond.