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.
Jeff Malone
President, Malone Steel Corporation
Talk to the deal team
Related deals
Selena Group has acquired Grupo IGM
Selena Group has acquired a 66% stake in Grupo IGM, with the remaining 34% to be acquired after a three-year period through a put and call option mechanism. The transaction reinforces Selena Group’s international growth strategy through M&A and strengthens its position in Western Europe, particularly in the Iberian market. It supports the group’s long-term growth ambitions in sustainable construction solutions, expanding its capabilities and product offering in the energy-efficient construction segment.
Learn moreSAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn moreForza Doors has secured new debt facilities
Forza Doors Ltd. has secured new senior debt facilities from Triple Point. The new debt facilities will be used to refinance the business and support its future growth.
Learn more