Founded in 1998, Majestic Stone had a solid reputation – shipping products everywhere from southern California to New York – but on a small scale. But after struggling through the recession, the owners sought to sell it to someone that could invest in its potential and turn it around. In 2016, Patrick Wells became the new chief executive officer – bringing fresh ideas and strategies for growth. In two and a half years, Majestic Stone has increased its production of local Tennessee stone tremendously and expanded its list of distributors.
“Alderman Holdings bought it when it was in transition,” said Wells. “It had a pretty good size fabrication shop, and the company had built a great name, but it got hit hard. It needed something more. The owners came to us. We bought it out of bankruptcy.