The Granite Group Wholesalers, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
The Granite Group Wholesalers, LLC - overview
Established
1901
Location
Concord, NH, US
Primary Industry
Logistics & Distribution
About
The Granite Group Wholesalers, LLC is a leading distributor of plumbing, heating, cooling, and water systems products, serving both residential and commercial markets with a diverse range of essential components and fixtures. Founded in 1901 and headquartered in Concord, US, The Granite Group specializes in the distribution of plumbing and HVAC products. The company has maintained a consistent focus on these core offerings throughout its history. Bill Condron serves as the CEO, guiding the company in its strategic direction.
The Granite Group engaged in a recent deal on October 18, 2021, with BBH Capital Partners for an undisclosed amount to support its growth initiatives. The Granite Group offers a comprehensive range of plumbing, heating, cooling, and water systems products designed for residential and commercial applications. Their product lineup includes essential components such as pipes, valves, fittings, water heaters, and HVAC equipment, as well as various plumbing fixtures like faucets, sinks, and toilets. Customers are supported by an experienced team across 17 showrooms, ensuring they select the right products for their specific needs.
The company caters to a diverse clientele, including contractors, builders, and end users across New England, New York, and the mid-Atlantic regions. The Granite Group generates revenue primarily through direct sales to contractors and wholesalers via in-store and online transactions. Operating on a B2B model, the company offers tailored solutions and pricing structures suitable for its clients, including bulk purchase discounts for larger orders. Key products, such as water heaters and plumbing fixtures, are significant contributors to their revenue stream, emphasizing the importance of building long-term client relationships that may involve account creation for exclusive pricing and product access.
Following the investment from BBH Capital Partners on October 18, 2021, The Granite Group plans to utilize the funding to enhance its organic growth and pursue strategic acquisitions. The company aims to expand into new geographic markets, although specific regions have not been disclosed. This strategic focus on expansion and acquisition is expected to support The Granite Group's long-term growth objectives.
Current Investors
Brown Brothers Harriman
Primary Industry
Logistics & Distribution
Sub Industries
Home Repair Services, Retail, Electrical, Plumbing & Hardware Distributors, Industrial Wholesalers
Website
www.thegranitegroup.com
Verticals
E-commerce
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
The Granite Group Wholesalers, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Premier Supply Group | - | ||||||||
| Growth | Completed | The Granite Group Wholesalers, LLC | - |
Displaying 1 - 2 of 2

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.