MILWAUKEE (February 16, 2021) – Diamond Vogel, a family-owned and operated manufacturer of high quality paints and coatings, announces the sale of its Colorado and New Mexico distribution operations and store locations to Guiry’s, Incorporated (“Guiry’s”). Grace Matthews advised Diamond Vogel on the transaction.
The transaction comprises Diamond Vogel’s 14 store locations across Colorado and New Mexico. Guiry’s will continue to offer Diamond Vogel coatings, along with additional product lines and services, at these locations. Guiry’s anticipates adding Diamond Vogel product lines to their existing store locations, broadening the product mix available to Guiry’s customers.
“Guiry’s is excited for this partnership. Diamond Vogel has been a reputable competitor and valuable vendor to Guiry’s for many years and this arrangement will continue to strengthen our partnership. This is a win-win for both organizations, including our valued employees and loyal customers. It enables us to expand our product offerings at competitive prices, while maintaining our service standards of excellence,” said Sean Guiry, President and Owner of Guiry’s.
“Diamond Vogel is excited to partner with Guiry’s as one of their key suppliers and coating manufacturers. We see this as a tremendous opportunity for all parties involved. It was important to us to find the right home for our employees and operations, and we strongly feel like we found that with Sean and his team. Our current customers will also benefit from greater availability of the coatings they’ve come to trust, and the level of service they deserve,” said Jeff Powell, President and CEO of Diamond Vogel.
“We were excited to get to the point where we could structure something with meaningful long term benefits for both Diamond Vogel and Guiry’s,” says Ben Scharff, Managing Director at Grace Matthews. “This was a transformative transaction for Guiry’s, and the cooperation and trust built between the parties allowed for creative solutions to be developed over the course of the process,” added Chris Hayes, Associate at Grace Matthews.
About Diamond Vogel
Diamond Vogel is a family-owned and operated manufacturer of high-quality paint and coatings based in Orange City, Iowa. Founded in 1926, Diamond Vogel provides coating solutions to the industrial, architectural, industrial wood, automotive, consumer wood coatings, farm and ranch, aerosol, traffic, and toll manufacturing markets. For more information about Diamond Vogel, visit www.diamondvogel.com.
About Guiry’s Incorporated
Guiry’s, Incorporated is a family-owned and operated retailer of high-quality paint, home décor, and art supplies. Founded in 1899 and headquartered in Denver, CO, Guiry’s has established generations of valued customers ranging from residential DIY to commercial contractors. They have built and maintained trusted partnerships with reputable product lines including Benjamin Moore, Hunter Douglas, Liquitex and more. For more information about Guiry’s, visit www.guirys.com.
About Grace Matthews, Inc.
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies across the chemical and materials value chain. Over the past two decades, Grace Matthews has successfully completed over 150 transactions on behalf of clients ranging from private, middle-market companies to large, foreign or U.S.-based multi-nationals. For more detailed information on Grace Matthews, visit www.gracematthews.com.
CONTACT:
Ben Scharff, Managing Director bscharff@gracematthews.com
Andrew Cardona, Vice President acardona@gracematthews.com
Chris Hayes, Associate chayes@gracematthews.com