07.28.23
San Carlos, California USA
www.kellymoore.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1946
REVENUE: $400 million*
MARKETS SERVED
Architectural coatings; Industrial coatings; Decorative coatings
KEY EXECUTIVES:
Charles Gassenheimer, CEO; Steve DeVoe, president and CFO; Roy George, executive VP and CFO; Dan Claybaugh, vice president of marketing and business development; Jim Alberts, VP sales.
Flacks Group, a global investment firm based in the U.S., has acquired Kelly-Moore Paint Company, a leading manufacturer and retailer of premium paints and coatings in the U.S. Financial terms of the transaction were not disclosed.
Founded in San Carlos, CA, in 1946, Kelly-Moore Paints is one of the nation’s largest independent paint companies, with more than $400 million in annual revenues and over 1200 employees. The company distributes products through 157 company-managed retail stores and a network of authorized retailers across North America.
Kelly-Moore Paints produces its technologically advanced paint products at its manufacturing facilities in Hurst, TX. Long recognized as “The Painter’s Paint Store!” and revered for offering exceptional value at a fair price, the company sells 90 percent of its products to professional paint contractors and other trade professionals.
“This is an exciting time for Kelly-Moore Paints,” said Steve De Voe, chairman and CEO of Kelly-Moore Paints. “Our customers are at the center of everything we do and under the ownership of Flacks Group, we will have the resources and ability to continue to innovate and deliver the best products and experiences to our customers in the professional paint industry and remain highly competitive in the marketplace.”
“Kelly-Moore Paints is a true legacy brand that resonates across multiple generations,” said Charles Gassenheimer, managing director at Flacks Group. “Since 1946, the company’s high-quality products have exemplified American manufacturing and its exceptional service has earned the company a loyal customer base.”
Gassenheimer added, “We see this transaction as a platform with the potential for bolt-on acquisitions in the small and mid-size paint spaces.”
www.kellymoore.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1946
REVENUE: $400 million*
MARKETS SERVED
Architectural coatings; Industrial coatings; Decorative coatings
KEY EXECUTIVES:
Charles Gassenheimer, CEO; Steve DeVoe, president and CFO; Roy George, executive VP and CFO; Dan Claybaugh, vice president of marketing and business development; Jim Alberts, VP sales.
Flacks Group, a global investment firm based in the U.S., has acquired Kelly-Moore Paint Company, a leading manufacturer and retailer of premium paints and coatings in the U.S. Financial terms of the transaction were not disclosed.
Founded in San Carlos, CA, in 1946, Kelly-Moore Paints is one of the nation’s largest independent paint companies, with more than $400 million in annual revenues and over 1200 employees. The company distributes products through 157 company-managed retail stores and a network of authorized retailers across North America.
Kelly-Moore Paints produces its technologically advanced paint products at its manufacturing facilities in Hurst, TX. Long recognized as “The Painter’s Paint Store!” and revered for offering exceptional value at a fair price, the company sells 90 percent of its products to professional paint contractors and other trade professionals.
“This is an exciting time for Kelly-Moore Paints,” said Steve De Voe, chairman and CEO of Kelly-Moore Paints. “Our customers are at the center of everything we do and under the ownership of Flacks Group, we will have the resources and ability to continue to innovate and deliver the best products and experiences to our customers in the professional paint industry and remain highly competitive in the marketplace.”
“Kelly-Moore Paints is a true legacy brand that resonates across multiple generations,” said Charles Gassenheimer, managing director at Flacks Group. “Since 1946, the company’s high-quality products have exemplified American manufacturing and its exceptional service has earned the company a loyal customer base.”
Gassenheimer added, “We see this transaction as a platform with the potential for bolt-on acquisitions in the small and mid-size paint spaces.”