Custom[r] Building Products has recently announced an agreement with Kelso & Co. of New York -- a firm specializing in private equity investing. The terms of the deal between the two privately held corporations provide for affiliates of Kelso & Co. to purchase a significant stock interest in Custom Building Products.
“The management of Custom Building Products looks forward to partnering with Kelso with the purpose of strengthening our company for the benefit of our customers and our employees,†said Thomas R. Peck II, president of Custom Building Products. “We will continue to exceed our customers' expectations by providing innovative products and services for the installation of tile and stone. Our entire organization is fully committed to customer satisfaction and profitable market growth.â€