Colony Hardware Inc., an Orange-based company that distributes equipment and supplies to the construction industry, has acquired a Nashville company, Care Supply.
Terms of the deal were not disclosed. Colony Hardware has 37 branches, all on the eastern half of the country, and this acquisition expands its footprint in Tennessee.
Colony Hardware provides its customers with tools, equipment and supplies needed at a construction job site, from concrete cutting equipment and scaffolding to drills and mixers. According to its website, it supplies more than 25,000 different products.
Care Supply is also a direct-to-jobsite distributor of construction products and supplies.
Mark Patton, Colony’s CEO, described Care Supply as the “perfect fit” to help it enter the Tennessee market, and said it has a “formidable” presence in the Nashville area.
“We look forward to continuing to invest behind Care Supply for continued growth,” Patton said in an announcement.
Care Supply has been a supplier to the construction industry in the Nashville area for over four decades. The company has a 92,000-square-foot distribution center and a 5,000-square-foot showroom.
The acquisition is Colony Hardware’s 21st since its inception. In 2018, it partnered with Audax Private Equity, which helps companies execute acquisitions to increase revenue growth.
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
