New South Construction Supply Enters Agreement to Acquire American Contractors Supply
April 21, 2022 (GREENVILLE, SC) — New South Construction Supply, LLC (NSCS), a distributor of construction products to commercial and residential general contractors and subcontractors across the Southeastern United States announces it has signed a letter of intent to acquire American Contractors Supply (ACS), a leading distributor and supplier of tilt-up products based in Atlanta, Georgia.
Commenting on this, Jim Sobeck, President and CEO of New South Construction Supply said, “I am happy to welcome Jason Reuter, President and CEO of American Contractors Supply, and his team to the New South family. We look forward to our companies joining forces to become one of the nation’s largest distributors in the tilt-up concrete construction space.”
“This transformational acquisition, our second in less than a year, exemplifies our commitment to being a customer-first partner and is a prime example of our commitment to advancing competitive choice in the industry, through strategic growth. We are thrilled to work with the ACS team, and we can’t wait to leverage our combined strengths to set the new service standard in the tilt-up market throughout the eastern United States,” said Abhi Singh, Executive Vice President and COO of New South Construction Supply.
“In evaluating strategic alternatives for ACS, we were clear on the three things we wanted in a buyer – a major opportunity for our associates to grow, a company that shared our customer-first approach, and a great team that would appreciate, and build on, our years of success. After speaking with Jim, Abhi, and Barrett [Cooke, CFO] both Ron Barteski, our GM and CFO, and I knew this was the team to join. Together, we are going to be able to service contractors throughout the entire East Coast and enhance our position as a trusted resource, not just a vendor,” said Jason Reuter, President and CEO of American Contractors Supply.
The acquisition is expected to close in the second quarter of 2022 and American Contractors Supply will maintain operations under the New South Construction Supply name. Upon close, Jason Reuter will assume the role of Division President of Tilt-Up, and Ron Barteski will assume the position of Division Vice President, Operations of Tilt-Up. Together they will lead all tilt-up activities for New South Construction Supply.
About New South Construction Supply
Founded in 1981, New South Construction Supply is a distributor of construction products to general contractors and subcontractors across the Southeastern United States 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 and Jacksonville, FL.
For more information on New South Construction Supply, visit www.newsouthsupply.com. For more information on American Contractors Supply visit www.americancontractorssupply.com.