Colony Hardware Acquires New South Construction Supply

Orange, Connecticut-based industrial distributor Colony Hardware Corporation announced March 1 its acquisition of New South Construction Supply, a distributor of construction supplies and building materials based in Greenville, South Carolina. Financial details of the transaction — which was completed Feb. 10, according to a letter sent to vendors — were not disclosed.

Founded in 1981, New South supplies concrete and masonry accessories, waterproofing products and more to commercial, residential, industrial, waterproofing, restoration, and road and bridge contractors in the Southeast. New South operates 11 branches across North Carolina, South Carolina, Georgia and Florida.

All New South employees have continued their roles following the transaction, according to New South Executive Vice President and COO Abhi Singh, who detailed the acquisition in the New South January 2023 newsletter. New South CEO Jim Sobeck has phased out of day-to-day operations but remains with the company to work with Colony on M&A opportunities, Singh said.

“In closing, all of us here at New South would like to reiterate our appreciation and gratitude to Jim, and the entire Sobeck family, their years of dedication and service to our industry,” Singh wrote in the newsletter. “It’s not easy building a successful business … and they did so with the help of our customers, associates, and suppliers.”

With the acquisition of New South, Colony Hardware now has nearly 60 locations across the U.S.