Outdoor Living Supply Expands Footprint with New Acquisition
Outdoor Living Supply Welcomes Majestic Stone to Its Family
Outdoor Living Supply (“OLS”), a prominent distribution platform specializing in outdoor living products, announced an important development in its growth strategy. The company has successfully acquired Majestic Stone Landscape & Stucco Supply, a distinguished distributor of both manufactured and natural stone and hardscape products. This strategic acquisition positions OLS for increased market presence in the Southeast, with two newly added facilities in Georgia.
Growth and Continuity Under New Leadership
Founded in 2002 by Al Irwin, Majestic Stone has established itself as a leader in its domain. Al Irwin will not only remain involved with the business but will also take on the role of Ambassador, providing continuity and strategic guidance during this transition period. His commitment ensures that customers, employees, and suppliers experience a seamless shift.
Commitment to Quality and Service
Reflecting on this acquisition, Brian Price, CEO of Outdoor Living Supply, expressed enthusiasm regarding the partnership. He remarked, "We are thrilled to welcome the Majestic Stone team to our OLS family of companies. Al and his team’s commitment to outstanding service and industry-leading products has earned them an exceptional reputation. Our partnership will provide substantial growth opportunities for our regional stores while paving the way for expansion in the Southeast region."
Al Irwin also shared his sentiments about the acquisition, stating, "I take immense pride in the company we've built over the past 22 years. Partnering with OLS gives us the opportunity to preserve the Majestic Stone legacy while providing extensive advantages to our employees and customers."
About Outdoor Living Supply
Outdoor Living Supply is recognized as a comprehensive distribution platform for outdoor living products, with a unique focus on enhancing customer experiences in outdoor living. The company aims to collaborate with family- and founder-led businesses that uphold shared values and local traditions. OLS draws upon deep industry connections to facilitate the growth of its affiliated companies, offering them the necessary products, resources, and training for success. Launched in late 2020 with the support of Trilantic North America, OLS emphasizes growth across several key verticals, including hardscapes, landscaping accessories, outdoor lighting, and bulk materials.
Trilantic North America’s Support
Trilantic Capital Management L.P. is a growth-oriented private equity firm centered on control and significant minority investments in North America. With a focus on business services and consumer sectors, Trilantic has managed multiple private equity fund families growing to collective commitments of $11B. Their involvement provides solid backing for Outdoor Living Supply’s ambitions, ensuring continued innovation in product offerings and market outreach.
Frequently Asked Questions
What is the main focus of Outdoor Living Supply?
Outdoor Living Supply specializes in distributing outdoor living products, seeking to enhance customer experiences through quality offerings.
Who founded Majestic Stone and what is their role now?
Al Irwin founded Majestic Stone in 2002 and remains with the company as an Ambassador, aiding in the transition after the acquisition.
What geographic area does the acquisition target?
This acquisition focuses primarily on expanding Outdoor Living Supply’s presence in the Southeast, particularly in Georgia.
How does Outdoor Living Supply support its partner companies?
OLS supports its partners by providing resources, technology, and training, enabling them to grow organically and through strategic acquisitions.
What opportunity does this acquisition present to OLS?
The acquisition of Majestic Stone offers Outdoor Living Supply significant growth opportunities and expands their market reach in alignment with their strategic goals.
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