Columbia West Capital News
10.16.18 Graycliff Partners Acquires Pebble Technology International, Inc.

Columbia West Capital ("CWC") is pleased to announce the acquisition of the globally recognized brand leader in pool finishes Pebble Technology International, Inc. ("PebbleTec") based in Scottsdale, Arizona, by Graycliff Partners.

Founded in Arizona in 1987 by Australian inventors, PebbleTec is well known for unique pool finishing techniques and materials as well as complementary high-end products like fire bowls and water scuppers. The company operates world-class manufacturing facilities in the United States and New Zealand and a distribution company in Australia that supplies Asia, Europe and the Middle East. All of these assets were included in the transaction. 

Graycliff Partners is a New York-based independent investment firm focusing on middle market private equity investments. Since 1991, the Graycliff Partners team, previously operating as part of HSBC Capital, has invested over $1 billion and completed in excess of 80 transactions primarily in manufacturing, service or distribution sectors. 

Darrell Eckstein, CEO of PebbleTec, said of the sale, "We are excited to work with the team at Graycliff to further capture market share in underpenetrated regions, both domestically and internationally."

David Barnett and John Farr of CWC served as the exclusive financial advisors to PebbleTec during the sale process. Founded in 2003, CWC provides top-tier investment banking advice to successful, growing businesses and entrepreneurs throughout North America in mergers and acquisitions advisory, capital raising, debt restructuring, fairness opinions and business valuations. CWC is a registered FINRA Broker-Dealer.