LDC Stone Inc. Adds Republic Elite
ADDISON, Texas – Republic Elite, a single-source, multifamily interiors firm, is now part of LDC Stone Inc., the parent company of granite and cabinet suppliers L’arte Della Cucina, European Granite & Marble and Marva.
Duane PekarAt $100 million in annual revenues, Republic Elite will be LDC Stone’s largest portfolio company, representing half of the estimated $200 million portfolio total.
Duane Pekar, Republic Elite’s president/CEO, also became CEO for the entire LDC portfolio, which now will include a footprint stretching from Texas and the Southeast United States to the Mid-Atlantic and Northeast.
“The fast-growing multifamily residential market demands we grow and evolve quickly to offer our clients customized, one-stop cabinet and countertop solutions,” says Pekar. “Joining forces with LDC Stone’s world-class interiors companies allows us to offer our existing customers a variety of new products, as well as allows us to significantly expand our footprint by leveraging their current customer base and institutional support.”
Republic Elite will join LDC’s portfolio of interiors leaders, including:
- Miami -based L’arte Della Cucina, a designer and distributor of medium- and high-end custom kitchen and bathroom cabinetry with international supply network for multifamily residential units across the east coast of the United States.
- Brooklyn, N.Y.-based European Granite & Marble, a multigenerational stone distributorship of natural stone and quartz surfaces including Antolini, Lapitec, and Teltos, and serving the Northeast.
- Midlothian, Va,-based Marva, a wholesale natural stone and quartz surfaces, including Antolini stone and Cambria quartz, and serving the District of Columbia, Virginia and North Carolina.
“LDC has been operating without a CEO,” Pekar added in an interview appearing in the Marshall, Texas, News Messenger. “Some of their investors have been looking to find partners to help fill out the leadership team. That was part of the synergy, actually.
“We have a strong leadership team at Republic Elite and they’re looking for us to bring some of these best practices across the entire portfolio.”
Republic Industries became Republic Elite in October 2016 after the company merged with Elite Multifamily Interiors.
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