Investors Select Plan-It Granite

CHARLOTTE, N.C. – Falfurrias Capital Partners, a Charlotte-based private-equity firm, bought Plan-It Granite & Marble Inc. of Sterling, Va., in a deal announced Aug. 24.
Terms of the agreement weren’t disclosed.
Plan-It, founded in November 1998, operates a new 60,000 ft² facility in Sterling that it opened in 2005. The company expanded into the Chicago market with a 35,000 ft² plant in Itasca, Ill. in 2005.
The Charlotte Business Journal reports that a third facility serving the Charlotte market is slated to open by this year.
Charlotte-based Falfurrias, founded in 2006 by Hugh McColl Jr., former chief executive of Bank of America Corp. and Marc Oken, former Bank of America chief financial officer, “seeks to partner with family business owners, entrepreneurs, and experienced management teams to assist in the growth of their businesses,” according to its Website. Investments are targeted, but not limited to, firms in the southern United States.