BIRMINGHAM, Mich., March 13, 2017 /PRNewswire/ -- Clio Holdings, LLC ("Clio") announces the addition of US Marble, Inc. ("US Marble") (www.usmarble.com), a nationwide supplier of custom bathroom surfaces out of locations in Michigan and Tennessee. US Marble marks the fifth acquisition since Clio's formation in June 2016 by investment firm, Oakland Standard Co., LLC ("Oakland Standard"). Clio now generates over $100 million in annual revenue out of 13 locations with over 750 team members.
US Marble was founded in 1967 by John Bishop. Partnering with his wife, Sharon, the Bishops grew US Marble from a single shop in a small mid-Michigan community to a nationwide countertop supplier with over 200 employees. US Marble is known throughout the United States for its superior customer service and highly customizable products. In 2016, US Marble served all 50 states and the District of Columbia, supplying engineered marble, stone and solid surface products in over 100 colors for vanity tops, shower walls and other custom surfaces.
"US Marble's nationwide distribution model and custom capabilities are one of a kind in the countertop industry," said Bryan Tolles, Partner of Oakland Standard and founder of Clio. "John and Sharon Bishop bring a wealth of industry knowledge and we're pleased to have them continue with the company as partners of Clio."
Clio (www.clioholdings.com) was formed to partner leading countertop suppliers and fabricators together providing the capital and operational expertise to upgrade, differentiate and professionalize this highly fragmented industry. Clio serves a full spectrum within the countertop industry, from new homebuilders and commercial contractors to kitchen/bath dealers and home improvement centers. Clio is actively seeking new opportunities in major metro areas across the United States. Clio was founded by Oakland Standard and also supported by investment firms O2 Investment Partners and Tecum Capital Partners.
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SOURCE Clio Holdings