IMC is sold

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

Cevisama product gallery 2015

The 2015 edition of Cevisama was a showcase of the latest trends in tile design, including textured surfaces, colorful mosaics and worn concrete aesthetics

Stone World Magazine

Stone world 2015 may cover

2015 May

In this month's issue of Stone World Magazine, read about the MIA/Stone World Dallas Stone Summit, the Xiamen Stone Fair and the 2014 Pinnacle Award Winners

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine

CSTD Spring 2015 cover

2015 Spring

In this issue of Contemporary Stone & Tile Design, we bring you our annual focus on Kitchen & Bath Design. From a beach-inspired bathroom design to a kitchen backsplash made of circular mosaic tile, the following are filled with illustrations of innovative and unique uses of stone and tile.

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+

Stone Guide 2014

2014 Stone World Stone Guide

The directory for Stone, Equipment and Supplies - the single information resource readers turn to.