Malone Steel Corporation has been acquired by New South Construction Supply

November 2022 — The shareholders of Malone Steel Corporation have sold the company to New South Construction Supply.

Malone Steel is a distributor of rebar and has been providing exceptional customer service to contractors in north Florida for over 30 years. The company will continue to be a leading supplier in its market, operating as New South Construction Supply-Ponte Vedra.

Headquartered in Greenville, South Carolina, New South Construction Supply was founded in 1981 and has grown to be a leading distributor of construction products to general contractors and subcontractors across the Sunbelt, as well as nationally and internationally. New South specializes in concrete and masonry accessories, rebar and wire mesh, tilt-up construction, waterproofing materials, and other commercial and residential construction products. The acquisition of Malone Steel will provide a one-stop shop for concrete and masonry construction customers in the north and central Florida markets.

Our role in the transaction

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.

Service

M&A sell-side

Parties

“Oaklins Heritage was the right partner to lead us through this deal. Patrick Emmet took the time to understand our goals and matched us with our ideal buyer. Oaklins’ industry experience and relationships with both strategic and private equity buyers moved the process forward, while we were able to stay focused on operating our business. The outcome was optimal for all parties. We are excited and looking forward to the next phase of growth for the company and our new partnership with New South Construction Supply.”

Jeff Malone

President, Malone Steel Corporation

Talk to the deal team

Don Wiggins

Principal

Jacksonville, United States
Oaklins Heritage

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Doug Kravet

Principal

Jacksonville, United States
Oaklins Heritage

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