Outdoor Living Supply (OLS), a Rochester, Minnesota-based distribution platform for outdoor living products with a focus on hardscapes, has acquired C&R Stone World Inc., Stoneworld Utah LLC and Cedar Stone Supply Inc., collectively operating as Stoneworld, based in Mapleton. Stoneworld is a full-service distributor of natural stone, masonry, hardscape and landscape supplies. This acquisition expands Outdoor Living Supply’s footprint in the Mountain states, adding five locations in Utah and Idaho.
Stoneworld was{mprestriction ids="1,3"} founded by Rhett Robison in 2003. In subsequent years, Robison, together with Kolby Sawyer, Cody Petersen and Beau Brady, generated regional growth by the addition of new locations in Utah and Idaho. The existing management team will continue with the business, ensuring continuity and consistency for employees, customers and supplier partners, OLS said.
“We are delighted to welcome the Stoneworld team to the OLS family of companies,” said Brian Price, CEO of OLS. “Rhett, Kolby, Cody and Beau have built an exceptional team and reputation in this dynamic market, that includes Salt Lake City. There are many obvious product synergies and opportunities for our platform to accelerate growth and we are excited by the potential of what we can accomplish together.”
“We decided to partner with OLS based on their unique business model and reputation for taking care of their people. I am very proud of the culture we have built and grateful to have found a partner in OLS who is committed to preserving our legacy and supporting our team as we embark on this next chapter of growth,” said Robison. “We look forward to the extensive opportunities OLS will provide our employees and customers, alike.”
Price said OLS seeks to partner with family- and founder-led companies with shared values and local heritage. By leveraging deep industry relationships, OLS supports its companies’ growth both organically and through strategic acquisitions while providing the products, resources, technology and training to enhance the customer experience and create new opportunities for its employees, he said. Outdoor Living Supply entered an equity partnership with New York City-based investment firm Trilantic North America in late 2020.{/mprestriction}
