Top Master, Inc. is Acquired by Clio Holdings, LLC

Clio Holdings, LLC (Clio) of Birmingham, Michigan, has acquired Top Master, Inc. (Top Master or the Company) of Kansas City, Kansas, expanding its footprint of leading regional countertop fabrication businesses to eight states. Top Master, a portfolio company of CID Capital, Inc. of Indianapolis, Indiana, is a designer, fabricator, and installer of a comprehensive line of custom countertop products, including granite, quartz, and solid surface, used in both residential and commercial applications. Jordan Knauff & Company (JKC) served as exclusive financial advisor to Top Master and CID Capital throughout the transaction.

Founded in 1984, Top Master has operations in five locations primarily serving the Kansas, Iowa, Missouri, and Nebraska markets. As a result of successful partnerships in each market with big box home improvement retailers, kitchen and bath dealer networks, homebuilders, and commercial contractors, Top Master has grown to become the largest provider of countertops to the residential remodeling and new residential construction markets in the Midwest. The Company is recognized for its extensive product offering and unmatched commitment to customer service.

Clio was founded in 2016 with a vision to create an industry leading supplier and fabricator of countertops, providing the capital and operational expertise to implement best practices across this highly fragmented industry.

According to Mr. Michael Varone, President of Top Master, “Partnering with Clio will allow us to continue our commitment to customer service while enhancing the products, services, and opportunities we can offer to our customers, suppliers, and team members.”

Mr. David Kakareka, Vice President of Transaction Management at JKC, commented, “As a result of Top Master’s strong channel relationships, especially with Big Box retailers, and strategic investments in improvement of the fabrication process, Top Master was able to achieve continual geographic expansion into new markets, which can serve as a platform for future growth with their new partner. We were very pleased to be part of the transaction.”

About Jordan Knauff & Company

Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Services include mergers and acquisitions advisory, debt and equity capital formation, and strategic financial advisory services to companies in a variety of industries. Typical transaction sizes range from $10 million to $300 million in total consideration.

When the ownership of a middle-market enterprise is considering a sale or capital raise event, JKC has proven its ability to assist ownership in the achievement of a successful outcome. The firm has had notable success in sale transactions and has been recognized with a number of investment banking industry awards for its work, including the 2016 Boutique Mergers & Acquisitions Advisory Firm of the Year in the U.S. (for the third consecutive year) by ACQ (Acquisition Finance) magazine, the 2013 Deal of the Year in the U.S. ($75 million to $100 million category) by The Mergers & Acquisitions Advisor, and the 2013 Energy Services & Manufacturing Deal of the Year in the U.S. by The Mergers & Acquisitions Atlas Awards.

For further information on the transaction or Jordan Knauff & Company, please contact Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, at cj@jordanknauff.com / 312-254-5901 or Mr. David Kakareka, Vice President of Transaction Management, at dkakareka@jordanknauff.com / 312-254-5907. Jordan Knauff & Company is a member of FINRA.