The Gulf of Paria Group received offer for Texas-based stone quarrying & stone fabrication company

BALTIMORE - Nov. 29, 2018 - PRLog -- The Gulf of Paria Group, a Mergers & Acquisitions Advisory firm, received a non-binding offer via an Indication of Interest (IOI) in June 2016 from one of its Minneapolis-based Family Office clients, for the acquisition of a Texas-based stone quarrying & stone fabrication company.  The Texas-based company, founded in 2010, and comprised of three separate affiliate entities, employed 55 people and owns 300+ acres of which only 15 acres were currently being mined.  The company saw revenues of $8.4 Million in 2014 and $10 Million in revenues in 2015, and saw a slight increase in EBITDA in the same timeframe from $1.8 Million in 2014 to $2 Million in 2015.

The potential buyer (the Family Office) believed that the target company would be a good strategic fit for one of its portfolio companies based in Minneapolis, a manufacturer of custom precision granite surface plates, along with ceramic, carbon fiber, and other mediums used in precision metrology applications.

As the parties to this intended transaction are covered by Non Disclosure Agreements (NDA) and do not necessarily wish to widely publicize offers that were presented, received, reviewed, considered, and decided upon, their identities have been omitted from this press release.  However, if required for verification purposes, further details regarding this intended transaction may be obtained from The Gulf of Paria Group by contacting them and requesting the details pertaining to the transaction listed under Reference number GOPG103.

About The Gulf of Paria Group.
Founded by Che Hackett, The Gulf of Paria Group is a Mergers & Acquisitions Advisory and Sub-Private Equity firm focused on representing middle market companies involved in a variety of industries such as manufacturing, industrials, consumer goods and services, packaging, food distribution, branded products, business services, technology, pharmaceuticals, biotechnology, logistics, energy production, energy services, and energy distribution, among others. For more information, please visit www.gulfintel.com