IMC is sold

December 26, 2001
/ Print / Reprints /
/ Text Size+
DALLAS, TX -- Granite & Marble Holdings, Inc., a privately held company formed by Independent Capital Management, LLC, has announced the acquisition of IMC, Inc. of Dallas, TX, and IMCA, Inc. of Phoenix, AZ. Collectively known as IMC, these companies import and distribute natural stone products and have provided their investors with an ideal point of entry into this unique marketplace.

Independent Capital Management, LLC is the investment advisor to Independent Bankers Capital Fund, a $70 million small business investment company.

The new chairman of the board, Floyd Collins, has announced that continuing and improving relationships with IMC’s global suppliers is one of the central elements to the growth strategy of the new company. According to Jack Morgan, IMC’s new president, this transaction is the first step in the company’s plan to make IMC one of America’s premier dimensional stone suppliers.

Granite & Marble Holdings has been capitalized through the issuance of more than $12 million of equity and equity-related securities to institutional investors. Shareholders include Jack A. Morgan, president of Granite & Marble Holdings and IMC, who is responsible for all aspects of IMC’s operations; Independent Bankers Capital Fund, L.P., which has 58 limited partners, 56 of whom are independent banks located throughout Texas; Easton Hunt Capital Partners, L.P., a New York-based small business investment company with approximately $110 million of investable capital; and Groupe Polycor International, a full-service granite quarrying, fabricating and marketing group headquartered in Quebec City, Canada.

Did you enjoy this article? Click here to subscribe to Stone World 

You must login or register in order to post a comment.



Image Galleries

October 2014 Stone World Stone Products Online Gallery

Check out the latest products from stone companies.

Stone World Magazine

Stone World October 2014 cover

2014 October

Featured on the cover of this issue is the Colorado Yule quarry in Marble, CO, which was recently purchased by Italian stone producer, R.E.D. Graniti.

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine

CSTD Fall 2014 cover

2014 Fall

In this issue of Contemporary Stone & Tile Design, we take a look at the latest developments in TPT, with a feature article and you can read more comments from Waldrep on this subject as well as other industry professionals.

Table Of Contents Subscribe


Are you aware of the new stone standard – ANSI/NSC 373 Sustainability Assessment for Natural Dimension Stone?
View Results Poll Archive

The Stone World Store

How to Polish & Restore Marble Flooring

This video will show you step-by-step how to resurface and polish marble flooring from grinding and removing lippage and scratches to achieving a highly reflective polish.

More Products

Stone Industry Education

Stone Industry Education

From marketing and much more!  We provide natural stone professionals with stone knowledge and education they can count on, as well as great networking opportunities. Click here to go to Stone Industry Education.


facebook logo Twitter  YouTubeGoogle+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.