ORANGE, Conn.–(BUSINESS WIRE)–Dec 7, 2020–
Colony Hardware, Inc. (“Colony” or the “Company”), a leading direct-to-jobsite distributor of construction materials and jobsite supplies has announced the acquisition of Care Supply Co., LLC (“Care Supply”), a direct-to-jobsite distributor of construction products and supplies in Nashville, TN. The acquisition represents Colony’s twenty-first acquisition since its inception, and seventh acquisition since partnering with Audax Private Equity in November of 2018.
Initially established in 1978, Care Supply has been a leading supplier to the Nashville metro region for over 40 years. Through its unmatched local presence, knowledgeable team of dedicated employees, 92,000 square foot distribution center, and 5,000 square foot showroom, Care Supply has built a reputation for delivering the some of the best products, brands, and customer service in the local market.
“Care Supply is a leader in the Nashville market with a reputation for its portfolio of leading products and brands, high-quality customer service, and dedicated employees, through which it has built a formidable presence in Nashville,” said Mark Patton, Colony’s CEO. “Care Supply is a perfect fit to help Colony enter the Tennessee market and we look forward to continuing to invest behind Care Supply for continued growth.”
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 37 branches across the Northeast, Midwest, Mid-Atlantic, Mid-South, and Florida. For more information, visit https://www.colonyhardware.com/.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 130 platforms and over 900 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201207005271/en/
CONTACT: Kevin Lamourex
KEYWORD: TENNESSEE MASSACHUSETTS CONNECTICUT NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: Colony Hardware, Inc.
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PUB: 12/07/2020 08:00 AM/DISC: 12/07/2020 08:01 AM