September 20, 2023

Crescendo Invests in Nevada Drywall, Stucco & Stone

Crescendo Capital Partners, LLC (“Crescendo”) is pleased to announce its acquisition of Nevada Drywall, Stucco & Stone (“NDSS”). Based in Reno, NV, NDSS is the premier residential drywall firm in the metropolitan and surrounding areas.

The Dallas office of Stonehenge Capital provided senior debt and equity co-investment in support of the transaction. The sellers retain equity positions in the business and will continue in their leadership roles.

Marc Garrick and Jay Levine, owners of NDSS, commented, “We are very excited to partner with Crescendo in this next phase of NDSS’ tremendous growth story. Crescendo’s investment experience in trade businesses and proven ability to helping companies scale will propel us forward as we seek to become a nationally recognized player in the drywall and related areas. We are very excited about NDSS’ future.

“We are thrilled to partner with NDSS, the pre-eminent firm in a market that has experienced quantum growth. NDSS continues the time-tested thesis – invest in great businesses with great leadership in great markets,” said Crescendo’s founder and inbound Chairman, C.L. Turner III. Brendan Nyhan, Crescendo Principal, primary deal architect and Board member, said, “We have a great appreciation for NDSS’s success and the leadership which drove this success. NDSS is not just the leader, but the dominant drywall leader in the region. We look forward to working with the executive team to continue organic growth and to implement strategic acquisition initiatives.”

Overview of Crescendo

Crescendo invests in middle-market companies at inflection points, bringing capital and scaling skills to unleash latent growth potential. Crescendo has made ~15 acquisitions totaling ~$500+M (including add-ons), and has a particular expertise in the construction trades, with 12 closed acquisitions. Crescendo has 8 investment professionals in 4 offices, plus 4 professionals with operating skills.