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Masonry Companies Merge

Graham Partners, Inc., a private equity firm based in Newtown Square, Pa., recently bought and merged two of the largest independently owned masonry companies in the United States. Design Masonry, Inc. of Santa Clarita, Calif., and John Ginger Masonry of Riverside, Calif., have been combined to form the Masonry Group. The firm declined to state how much it paid for the companies. This deal was the fourth for Graham Partners in the past six months, and the fourth investment made by the firm's Graham II fund. Source: Philadelphia Business Journal

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June 27, 2019, 2:02 am PDT

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