Colony Hardware Announces Acquisition of North Carolina-Based Jarco Supply
Acquisition Expands Colony’s Distribution Footprint to North Carolina
ORANGE, Conn.–(BUSINESS WIRE)–Colony Hardware, Inc. (“Colony” or the “Company”), a leading direct-to-jobsite distributor of construction materials and jobsite supplies has announced the acquisition of Jarco Supply, LLC (“Jarco”), a North Carolina-based distributor specializing in erosion control, geotextile, and stormwater solutions as well as concrete and masonry accessories, rebar fabrication, and decorative concrete products to the commercial, residential, and public infrastructure markets. The acquisition represents Colony’s twenty-third acquisition since its inception, and ninth acquisition since partnering with Audax Private Equity in November of 2018.
Jarco Supply is a leading construction materials supplier headquartered in Youngsville, North Caroline. Jarco operates through its four branches: Youngsville, Fuquay-Varina, Greensboro, and Creedmoor to offer on-demand high-quality products. With a best-in-class level of service, innovative products and solutions, and a knowledgeable team of dedicated employees, Jarco has built a reputation as a one-stop shop for customers’ construction material needs.
About Colony Hardware
Colony Hardware is a leading direct-to-jobsite distributor of construction materials and jobsite supplies serving construction firms and specialty contractors across a variety of end markets. Colony provides a comprehensive portfolio of products including power tools, safety, personal protective equipment, fasteners and more from industry leading brands and suppliers. The company is headquartered in Orange, CT and has 45 branches across the Northeast, Midwest, Mid-Atlantic, Mid-South, and Florida. For more information, visit https://www.colonyhardware.com/.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 145 platforms and over 1000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.
Contacts
Kevin Lamourex
Director, Marking
Colony Hardware
Email: klamourex@colonyhardware.com
