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Empire Countertops Retains Heritage Equity Partners

August 18, 2016, 06:54 AM
Filed Under: Industry News

Empire Countertops, LLC, an industry leader in the fabrication and installation of granite, marble, engineered stone, and solid surface countertops, has retained Heritage Equity Partners to seek an investor, partner, or buyer to complement the company’s growth strategy.

Peter Eberle, CEO of Empire stated, “Empire is well positioned to become the leading countertop provider in the US. We have an exceptional ability to fabricate the highest quality products in record time compared to any competitor, and a rapidly growing client list that includes custom and production homebuilders, big box stores and general contractors with high profile projects across the country. We believe additional capital is necessary to support our growth plans and have retained Heritage Equity Partners to help us find that capital.”

Founded in 1989, the Company has a 27-year history of excellent customer service, precise installations, and quality products. Because of this, Empire experienced unprecedented growth from 2010 to 2015 and saw sales increase from $12 million to almost $32 million. With over 125 employees and dedicated sub-contractors, the company enjoys substantial market presence due to its unique and extremely efficient fabrication and turnaround time. Currently, Empire operates two facilities, one outside of Dallas and another in Austin each with a complete custom design studio.

According to Matt LoCascio, a managing director at Heritage Equity Partners, “Empire’s underlying business is healthy, but cash constraints produced from a prior management team has created a need for new capital. New management has already made significant expense cuts and streamlined operations with a focus on new portions of the business including commercial projects, big box stores, and retail.  In order to continue to support these initiatives and fund sustained growth, Empire is seeking additional investors.”

Heritage Equity Partner based in Easton, MD provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.

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