New South Construction Supply (NSCS), a distributor of construction products to commercial and residential general contractors and subcontractors, signed a letter of intent to acquire American Contractors Supply (ACS), a distributor and supplier of tilt-up products based in Atlanta.
“I am happy to welcome Jason Reuter, president and CEO of American Contractors Supply, and his team to the New South family,” Jim Sobeck, president and CEO of NSCS, said in a news release. “We look forward to our companies joining forces to become one of the nation’s largest distributors in the tilt-up concrete construction space.”
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 brand name. Upon the closing of the deal, 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, Barteski and Retuer will lead all tilt-up activities for New South Construction Supply.
“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,” Abhi Singh, executive vice president and COO of New South Construction Supply, said. “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.
Reuter said in evaluating strategic alternatives for the company, ACS wanted a buyer to provide a “major opportunity” for associate growth, a company that shared a customer-first approach, and “great team that would appreciate, and build on, our years of success.”
“Together [with NSCS], 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,” Reuter said.
New South Construction Supply, based in Greenville, S.C., is a distributor of construction products to general contractors and subcontractors across the Sunbelt region as well as nationally and internationally. The company specializes in concrete and masonry accessories, rebar with wire mesh, tilt-up construction, waterproofing materials, and many other construction products for the commercial and residential markets. In November 2021, the company acquired Increte of North Florida, a concrete construction material distributor and supplier based in Jacksonville, Fla.