New South Construction Supply and American Contractor’s Supply Terminate Acquisition Agreement
New South Construction Supply, LLC (“NSCS”), a distributor of concrete construction products to commercial and residential general contractors and subcontractors across the Southeastern United States announces that the agreement to acquire American Contractor’s Supply (“ACS”), a leading distributor and supplier of tilt-up products based in Atlanta, GA, has been dissolved.
Commenting on this, Jim Sobeck and Abhi Singh, CEO and COO of New South Construction Supply both agree, “While we are disappointed that this deal did not reach the finish line, we understand Jason’s change of heart in selling his business. For over 20 years, he has built ACS into a regional leader, and we understand his desire to continue on his current path. We have no doubt that ACS will continue to do great things.”
“As the deal got closer, it was apparent to me that this was not the right time to sell ACS. My customers and associates feel strongly that we are on a great path and selling the business, at this time, would be an unnecessary distraction. I still firmly believe that New South is the right buyer for ACS, when the time is right for us to sell.” said Jason Reuter, President and CEO of American Contractor’s Supply.
About New South Construction Supply
Founded in 1981 and celebrating its 40th anniversary in 2021, New South Construction Supply is a distributor of construction products to general contractors and subcontractors across the Sunbelt 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.
Source: New South Construction Supply, LLC