NEW SOUTH CONSTRUCTION SUPPLY ACQUIRES MALONE STEEL CORPORATION, ADDING SECOND LOCATION IN FLORIDA; 11th LOCATION OVERALL


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New South Construction Supply

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New South News

November 14, 2022 (GREENVILLE, SC) — New South Construction Supply, LLC (NSCS), a distributor of concrete and masonry construction products to commercial and residential general contractors and subcontractors across the Southeast announces it has acquired Malone Steel Corporation, based out of Ponte Vedra Beach, Florida, on November 1, 2022. With this acquisition, the combined company will provide a one-stop shop for concrete and masonry construction customers in the North and Central Florida markets.

Malone Steel will continue to be known as the market leader in their space and will operate as New South Construction Supply – Ponte Vedra. Jeff Malone, President of Malone Steel, will remain with the organization and will focus on providing best in class sales and service to Malone’s customer base as well as to New South customers. Malone will also continue to oversee the day-to-day operations of the business.

Malone Steel has been providing exceptional service to contractors throughout the North Florida market for almost 30 years, and there are significant cultural similarities between the companies. Speaking on this, Jim Sobeck, CEO of New South Construction Supply states “We share the same core values of providing best in class service to our customers, providing significant growth opportunities to our Associates, and delivering exceptional value.”

Abhi Singh, COO & EVP of New South Construction Supply said “Together, we are confident we will provide a great platform of growth for our associates, more opportunities for our vendor partners, and most importantly – deliver even more value to our customers.”

Commenting on this acquisition, Jeff Malone, CEO said “When we decided to sell our business, we were committed to finding a partner with the right culture, and one that was committed to taking care of our customers, as well as our employees. Once we met the New South team, it was clear that they were the perfect fit for us.”

With a total of 11 locations from North Carolina to Florida, this addition solidifies the company’s position in the North and Central Florida markets by enhancing New South’s fabricated rebar capabilities, establishing a Florida based tilt-up rental yard, and allowing Malone’s established customer base to have a one-stop shop for all concrete and masonry products.

About New South Construction Supply

Founded in 1981 and celebrating its 41 st anniversary in 2022, New South Construction Supply is a distributor of construction products to general contractors and subcontractors across the Sunbelt as well as nationally and internationally. The company specializes in concrete and masonry accessories, rebar and wire mesh, tilt-up construction, waterproofing materials, and many other construction products for both commercial and residential construction projects. The main office, and a branch, is in Greenville, SC, with additional branches in W. Columbia, Charleston, Myrtle Beach and Hardeeville (Hilton Head Island/Savannah, GA) SC; Charlotte, Greensboro, and Garner (Raleigh/Durham), NC,
Atlanta, GA, Jacksonville, FL and Ponte Vedra Beach, FL.

For more information on New South Construction Supply, visit www.newsouthsupply.com.

NEW SOUTH CONSTRUCTION SUPPLY NAMED ONE OF SC’S 50 FASTEST GROWING COMPANIES IN 2022


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New South News

AUGUST 29, 2022 (GREENVILLE, SC) — New South Construction Supply, LLC (NSCS), a distributor of concrete, masonry, and waterproofing products to commercial and residential general contractors and subcontractors across the Southeastern United States announces it has been named one of South Carolina’s 50 Fastest Growing Companies for 2022, an annual award given out by Integrated Media Publishing (publisher of Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine). This is New South Construction Supply’s fourth time on this list.

Commenting on this recognition, Jim Sobeck CEO of New South Construction Supply says, “Since the start of the pandemic, we’ve had to deal with a lot: showroom shutdowns, product shortages, rampant inflation — to name but a few of the challenges we’ve faced. To be able to manage hypergrowth during this time has been a total team effort. Our customers, associates, and suppliers all came together to make this award possible.”

Abhi Singh, EVP and COO of New South Construction Supply adds “We are extremely honored to be selected for this award, along with so many other brilliant organizations. While the last few years have been challenging, our team consistently outperformed our wildest expectations and delivered significant, profitable growth. We are grateful to all our associates, customers, and vendor partners for helping us achieve this milestone.

New South Construction Supply is seeing record-breaking growth across its ten branches in the Carolinas, Georgia, and Florida, and is poised to finish 2022 strong. From acquiring Increte of North Florida in Jacksonville, FL in 2021, to rapidly expanding its rebar fabrication and tilt-up construction business and capabilities, New South Construction Supply is currently hiring at all ten of its branches across the Carolinas, Georgia, and Florida, and was also recently named one of the Best Places to Work in South Carolina in August 2022, an annual award given out by SC Biz News and the SC Chamber of Commerce.

About New South Construction Supply

Founded in 1981 and having celebrated its 40th anniversary in 2021, New South Construction Supply is a distributor of concrete, masonry, and waterproofing products to general contractors and subcontractors across the Sunbelt as well as nationally and internationally. The company specializes in concrete and masonry accessories, rebar and wire mesh, tilt-up construction, waterproofing materials, and many other construction products for both commercial and residential construction projects. The main office, and a branch, are in Greenville, SC, with additional branches in W. Columbia, Charleston, Myrtle Beach, and Hardeeville (Hilton Head Island/Savannah, GA) SC; Charlotte, Greensboro, and Garner (Raleigh/Durham), NC, Atlanta, GA and Jacksonville, FL.

For more information on New South Construction Supply, visit www.newsouthsupply.com.