SOURCE: Oakland Standard

November 28, 2016 11:36 ET

Clio Holdings Acquires Top Master

Countertop Supply Consolidator Makes Third Acquisition to Expand in the Midwest

KANSAS CITY, KS--(Marketwired - November 28, 2016) - Clio Holdings, LLC ("Clio"), a consolidator of leading regional countertop supply and fabrication businesses, has announced the acquisition of Top Master (www.topmasterinc.com). Based out of Kansas City, KS, Top Master is the largest fabricator of countertops in the Midwest with six locations, primarily serving the Iowa, Kansas, Missouri and Nebraska markets. Following the acquisition, Clio has an eight state footprint serving a full spectrum within the countertop industry, from new home builders and commercial contractors to kitchen/bath dealers and home improvement centers.

Founded in 1984 in suburban Kansas City, Top Master designs, fabricates and installs a comprehensive line of custom countertop products, including natural stone and solid surface, that are sold in both residential and commercial applications. Top Master is recognized in its footprint for its extensive product offering and unwavering commitment to customer service. The company is also an active member of industry trade groups, Artisan Group, Rockheads and Marble Institute of America, and will serve as a platform for future growth in the region.

"We are proud to join the Clio team and are looking forward to the next phase of growth and expansion for Top Master," said Mike Varone, President of Top Master. "Partnering with Clio will allow us to continue our commitment to customer service while enhancing the products, services and opportunities we can offer to our customers, suppliers and team members."

"We were impressed by the Top Master organization from day one -- management's passion for the business is evidenced by their well-regarded customer base and leading market position," said Bryan Tolles, Partner of Oakland Standard and founder of Clio. "I want to thank our partners, O2 Investment Partners and Tecum Capital, who provided valuable support and guidance throughout the process."

Clio (www.clioholdings.com) was formed to partner leading regional countertop suppliers and fabricators together providing the capital and operational expertise to upgrade, differentiate and professionalize this highly fragmented industry. Clio has successfully completed three acquisitions and is actively seeking new opportunities in major metro areas across the United States.

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