Colony Hardware Announces Acquisition of New South Construction Supply

Acquisition Expands Colony’s Distribution Footprint across the Carolinas

ORANGE, Conn. — Colony Hardware, Corp. (“Colony” or the “Company”), a leading direct-to-jobsite distributor of construction materials and jobsite supplies, has announced the acquisition of New South Construction Supply, LLC (“New South”), a South Carolina-based value-added distributor of rebar, concrete, masonry, waterproofing products, and contractor supplies.With locations throughout North Carolina, South Carolina, Georgia and Florida, New South was founded in 1981 and is among the Southeast’s leading suppliers of construction supplies and building materials for commercial, residential, industrial, waterproofing, restoration, and road-and-bridge contractors.

“Bringing New South Construction Supply and Colony Hardware together is impactful in several ways and represents Colony’s largest partnership to date,” states Tim Rash, Chief Executive Officer of Colony Hardware. “Earning the trust of Jim Sobeck and the New South team further reinforces the industry view that we are the partner of choice for owners of distribution companies seeking to scale their business, grow their legacy, and help their valued employees prosper. More importantly, New South’s reputation for quality customer service and their dedicated associates mirror Colony’s ‘client-driven’ culture.”

“We are proud to become part of the Colony Hardware family and especially pleased that our people and locations will remain the same as we add more locations to better service contractors across the South,” added Jim Sobeck, CEO of New South. “With Colony’s leadership and reputation, I look forward to seeing New South continue on its growth trajectory with Colony’s backing. The future is bright for our business, our associates and the loyal customers of New South and Colony Hardware.”

The acquisition represents Colony’s 12th acquisition since partnering with Audax Private Equity in November of 2018.

“Colony Hardware has positioned itself as the direct-to-jobsite supplier of choice for contractors,’’ said Young Lee, Managing Director of Audax Private Equity. “The deal for New South is aligned to our investment thesis to support Colony’s growth through both strategic acquisitions and organic initiatives.”

About Colony Hardware

Colony Hardware is a leading direct-to-jobsite distributor of construction materials and jobsite supplies serving construction firms and specialty contractors across a variety of end markets. Colony provides a comprehensive portfolio of products including power tools, safety, personal protective equipment, fasteners and more from industry leading brands and suppliers. The company is headquartered in Orange, CT and has 59 branches across the Northeast, Midwest, Mid-Atlantic, Mid-South, and Florida. For more information, visit

About Audax Private Equity

Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $15 billion of assets under management, over 185 employees, and 80-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,150 add-on acquisitions. Through our disciplined buy-and-build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.

Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, visit or follow us on LinkedIn.

Kevin Lamoureux
Director, Marketing
Colony Hardware


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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