Construction Supply Group (CSG), a portfolio company of The Sterling Group, has acquired All-Tex Supply, MASONPRO, and Titan Construction Supply.
The additions of All-Tex, MASONPRO and Titan (the tenth, eleventh, and twelfth add-on acquisitions completed by CSG under Sterling ownership) expand CSG’s presence in the Texas, Oklahoma, Michigan, and Nevada markets, and will increase its product offering within masonry specialty materials.
CSG was formed in November 2016 to acquire construction supply distribution companies Brock White Company, Border Construction Specialties, and Stetson Building Products. Today, CSG is a distributor of specialty construction materials, accessories and tools used by professional concrete and masonry contractors in the United States and Canada.
The Sterling Group considers CSG to be the second largest specialty construction supply distributor in North America. The company has more than 60,000 SKUs and sells to more than 50,000 customers. CSG, led by CEO Mitch Williams, has 100 branches and more than 1,350 employees (www.constructionsupplygroup.com).
“We look forward to partnering with Royce Farris and Don Tice from All-Tex, Jeff Snyder from MASONPRO and Mike Harmon from Titan,” said Brian Henry, a Partner at The Sterling Group. “We have been fortunate to bring together some of the best talent in the industry over the past two years, resulting in a stronger platform that can benefit from leveraging each other’s talents.”
The Sterling Group invests in manufacturing, industrial services and distribution companies that have enterprise values from $100 million to $750 million. The firm emphasizes an operational approach in partnership with management teams to grow and improve the companies it acquires. Sterling was founded in 1982 and is headquartered in Houston (www.sterling-group.com).
Sterling and CSG continue to seek new add-on acquisitions of local and regional specialty construction supply distribution businesses.
© 2018 Private Equity Professional | December 4, 2018
