QLC Completes Triple-Acquisition of Major Stone Companies
I am happy to announce that effective 31st August, 2018, Queens Lane Capital, the private equity investment firm of Larry Kestelman completed the acquisition of Australia’s 50 year old premium tile & stone brand Signorino in a triple acquisition with major commercial processor & installer Dellermay Stone & Tiling & high grade manufacturer Multiform Stone Industries.
The combined business procure, import, manufacture & install a number of large scale commercial & residential projects from facilities located in Campbellfield, Altona, Derrimut, Richmond, Mornington & Kilsyth. Past projects include Melbourne International Airport, Shrine of Remembrance, New Quay, Bendigo Hospital, Point Leo Estate, Caulfield Racecourse Medallion Bar & Much More.
John Signorino, Eurico & Hugo Bezerra, Victor Barillaro & Sam Calcagno respected operators among peers will continue to operate the three businesses, in their existing locations, as QLC look to integrate. New board member John Signorino comments ““I am proud and excited to have become a shareholder in what I believe a very promising venture, Petra Industries, comprising three highly respected companies within the tile and stone industry, I speak for my partners when I say we intend to add value to the industry overall”.
John Signorino, embarked on his career in a modest Brunswick store at the age of 17, he has lived and breathed the tile and natural stone industry for 50 years. Since the opening of the tile gallery 18 years ago, Signorino has since maintained position at the industry’s forefront for quality as the go to brand recognised by leading architect firms across Australia.
Multiform Stone Industries
Multiform Stone Industries has grown in the past twenty years to become one of the most trusted and reliable suppliers and manufacturers of stone products. Their scope of material is by far the largest range in Australia under one roof & their state of the art manufacturing plant ensures they remain pioneers of the industry via their founders Sam Calcagno & Victor Barillaro.
Dellermay Stone & Tiling
DELLERMAY is one of 3 top tier supply, manufacture and installers of tiling and stone in Victoria. Dellermay’s clients include Hickory, Multiplex, Pro-Build, Mirvac, Watpac, ICON & many more. Completing on average 2,500 apartments pa. The company was founded in 2004 by Carlos Bezerra and his sons Hugo and Kiko Bezerra.
Emil Parthenides Lead M&A Advisor who brokered the triple acquisition on behalf of the vendors said “QLC presented a strategic fit with their experience in property development, international business expertise & access to capital for further growth. Their team acted very professionally and communicated well along the way until completion. As a newly formed PE firm they will be one to watch”.
We sincerely thank the vendors and their families, QLC & the army of external advisors from each side who assisted on the project, including my own team. We extend our congratulations to both parties and wish the newly formed Petra team the best of luck with the venture.
Senior M&A Advisor