The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group (CSG), has completed the acquisitions of Advantage Construction Supply and Spec-West Concrete Systems, with a combined four branches in California.
Construction Supply Group distributes specialty construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. The company has more than 100 branches with over 1,300 employees and offers over 60,000 SKUs to nearly 50,000 customers, Sterling Group says in a statement.
With these additions, Construction Supply Group will have the leading market position in the Sacramento market and will have a further enhanced e-commerce capability, Sterling Group says in a statement. The three acquisitions result in a total of 16 regional businesses acquired under Sterling’s ownership.
“We’re looking forward to drawing on the unique strengths of these three organizations as we continue to build Construction Supply Group towards our vision serving as North America’s leading construction supply distributor,” Mitch Williams, CEO of Construction Supply Group, said in a statement. “This is a great opportunity to further strengthen existing market positions and add capabilities to better serve our customers.”
Construction Supply Group will continue to seek further additions to its family of specialty construction supply distribution businesses, the company said in its news release.