Construction Supply Group, a portfolio company of The Sterling Group, has acquired Zia Concrete Supply, a construction supply distributor owned by Mike and Grace Moore.
Zia Concrete is the seventh add-on acquisition completed by Construction Supply Group (CSG) under Sterling ownership. 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 construction materials, accessories and tools used by professional concrete and masonry contractors in the United States and Canada. The company has more than70,000 SKUs and sells to more than 25,000 customers. CSG has 74 branches and more than 1,100 employees (www.constructionsupplygroup.com).
Zia Concrete Supply was founded in 1997 and is headquartered in Albuquerque, NM (www.ziaconcrete.com). With the close of the transaction, Zia Concrete will be integrated into CSG’s Southwestern business unit, Border Construction Specialties, which is led by its president Brian Saker.
“This acquisition furthers our goal of providing comprehensive service and product offerings to professional contractors across North America,” said Mitch Williams, CEO of Construction Supply Group.
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).
The Sterling Group is continuing to seek add-on acquisitions for CSG.
© 2018 Private Equity Professional | March 9, 2018
