Pearlman Group Welcomes Shannon Palmer as CEO

Rhea-AI Summary

Pearlman Group has appointed Shannon Palmer as CEO and Board member, effective December 2, 2024. Palmer brings significant experience from his previous role at Vestcom, where he served as EVP, COO & CFO for nearly twelve years. His leadership contributed to Vestcom's successful $1.45 billion acquisition by Avery Dennison (NYSE: AVY) in 2021. As Pearlman's new CEO, Palmer will focus on strengthening market position, expanding product offerings, and enhancing operational efficiencies.

Positive

• Previous success record with $1.45B transaction at Vestcom
• Extensive experience in private equity-backed companies
• Track record of driving profitable growth and operational excellence

Negative

• None.

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Pearlman Group (“Pearlman” or “the Company”), a portfolio company of The Stephens Group, LLC (“Stephens Group”), is pleased to announce the appointment of Shannon Palmer as CEO, effective December 2, 2024. In addition to his role as CEO, Palmer will join the Company’s Board of Directors, working closely with Stephens Group and company leadership to support its continued growth and strategic initiatives.

Shannon brings extensive experience driving profitable growth within private equity-backed companies, including a successful history alongside Stephens Group at Vestcom. During his nearly twelve-year tenure at Vestcom, Palmer’s financial and operational leadership as EVP, COO & CFO helped drive highly successful outcomes for the company and its investors, culminating in a $1.45 billion transaction with Avery Dennison Corporation (NYSE: AVY) in 2021.

Grant Jones, Managing Director at Stephens Group, said, “We’re excited to partner with Shannon once again. Our work with him at Vestcom demonstrated his excellence in both leadership and value creation, which make him exceptionally well-suited to guide Pearlman Group through its next phase of growth and innovation.”

Palmer’s career includes numerous leadership roles where he drove key initiatives that yielded sustainable growth and operational excellence. As CEO, he will leverage this experience to strengthen Pearlman Group's position in the market, expand upon its product service offerings, and enhance operational efficiencies.

"I’m thrilled to join Pearlman Group and work alongside Stephens Group again," said Palmer. "Pearlman has long been known as a leader in the markets it serves. I’m looking forward to working with the leadership team to further enhance this legacy, while serving our customers with excellence and driving our growth strategy forward."

About Pearlman Group

Headquartered in Suwanee, GA, Pearlman (https://www.granquartz.com), through its primary brands, GranQuartz, Vector Tools, Pearl Abrasive, and Excel Supplies, is a multi-channel developer and distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning, and restoration of surfaces for residential, commercial, and industrial end-markets. Pearlman’s GranQuartz division is the market-leading distributor serving thousands of stone fabricators, tile installers, and concrete and monument professionals. Vector Tools is a mobile-centric distributor of stone fabrication tools and supplies in the Southeast. Pearl Abrasive is a leading developer and provider of high quality, branded abrasives and cutting tools to thousands of distributor customers in construction and industrial end-markets. Excel Supplies is a specialty distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the Southeast. The Company’s products include an extensive offering of proprietary, exclusive, and national branded products with over 18,000 SKUs across multiple price points and applications.

About The Stephens Group, LLC

The Stephens Group, LLC (https://www.stephensgroup.com) is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With over $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, The Stephens Group has invested in over 50 companies, targeting investments in industries across the U.S., including industrial products and services, specialty distribution, and vertical software.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241203036536/en/

Allie Laborde

Managing Director, Business Development

The Stephens Group, LLC

pressreleases@stephensgroup.com

501.320.0595

Source: Pearlman Group

FAQ

When will Shannon Palmer start as CEO of Pearlman Group?

Shannon Palmer will start as CEO of Pearlman Group on December 2, 2024.

What was Shannon Palmer's role in the Vestcom acquisition by Avery Dennison (AVY)?

As EVP, COO & CFO at Vestcom, Palmer helped lead the company to a successful $1.45 billion acquisition by Avery Dennison (AVY) in 2021.

What are Shannon Palmer's main objectives as Pearlman Group's new CEO?

Palmer's main objectives include strengthening Pearlman's market position, expanding product service offerings, and enhancing operational efficiencies.