American Construction Supply will be Acquired by New South
New South Construction Supply, LLC, a distributor of construction products to commercial and residential general contractors and subcontractors throughout the Southeastern United States, has signed a letter of intent to acquire American Contractors Supply (ACS), a distributor and supplier of tilt-up products based in Atlanta, Georgia.
“I am delighted 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,” said Jim Sobeck, president, and CEO of 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.”
“We are thrilled to be working 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.
“When evaluating strategic alternatives for ACS, we were clear on three things we wanted in a buyer: a significant opportunity for our associates to grow, a company that shared our customer-first approach, and a great team that would appreciate and builds on our years of success.”
After speaking with Jim, Abhi, and Barrett [Cooke, CFO], both Ron Barteski, our GM and CFO, I knew this was the team to join.
“By working together, we will be able to service contractors across the entire East Coast and strengthen 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 continue to operate under the New South Construction Supply brand.
Jason Reuter will take over as tilt-division up’s president, and Ron Barteski will take over as tilt-division up’s vice president, operations.
They will oversee all tilt-up activities for New South Construction Supply.
New South Construction Supply, founded in 1981, is a construction product distributor to general contractors and subcontractors throughout 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 a variety of other construction products for both commercial and residential projects.
The main office and a branch are in Greenville, South Carolina, 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.