Coastal Construction Products, a Jacksonville, Fla.-based distributor of caulking, sealants, waterproofing materials and concrete restoration products, has teamed up with an equity fund to help it expand beyond its 14 current branches.
Supply Chain Equity Partners of Tampa, Fla., will help Coastal establish a national platform, Coastal said in a Sept. 4 news release. Besides investing in Coastal, Supply Chain Equity Partners will help it develop a strategic plan and provide mergers and acquisitions expertise.
“Coastal has an exceptional team, a highly scalable business model and experience in joining with other distributors to the benefit of all." said Jay Greyson, co-founder and partner at Supply Chain Equity Partners.
Founded in 1975, Coastal has 14 locations from Miami to Memphis, Tenn., serving customers throughout the Southeast as well as Latin America and the Caribbean. Its website touts waterproofing and restoration products from BASF, CETCO, Dow Corning, Five Star, Grace, Neogard, Pecora, Sika Corporation, Specified Technologies Inc., and Tremco. It also sells specialty flooring and air barriers.