Construction Supply Group, a portfolio company of The Sterling Group, has acquired Williams Equipment & Supply and Richform Construction Supply.
Williams Equipment is a regional distributor of construction supply materials and equipment, and operates 12 branches in Tennessee, Mississippi, Louisiana and Arkansas. The company is headquartered in Memphis (www.williamsequipment.com).
“As a family-owned business, we wanted to ensure our next partner was one we could grow with,” said Gordon McIntyre, President of Williams. “Working with Construction Supply Group is the perfect next step for our customers, our employees and our family.” The business will continue to operate under the Williams Equipment & Supply brand name, and Mr. McIntyre will continue as President.
Richform Construction is a single-branch distributor of concrete accessories, forming hardware and tilt-up construction systems. The company is based near Vancouver in Coquitlam, BC (www.richformconstructionsupplycompany.com). The operations of Richform Construction will be integrated into Brock White Canada, Construction Supply’s Canadian subsidiary.
Williams Equipment and Richform Construction are the eighth and ninth add-on acquisitions 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 than 60,000 SKUs and sells to more than 50,000 customers. CSG has 87 branches and more than 1,300 employees (www.constructionsupplygroup.com).
“We’re looking forward to drawing on the unique strengths of these two organizations to help us on our path to becoming the number one construction supply distributor in North America,” said Mitch Williams, CEO of Construction Supply Group. “This is a great opportunity to extend our geographic footprint and expand our capabilities and service offering, including rental equipment.”
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 Construction Supply Group.
© 2018 Private Equity Professional | May 30, 2018