Nebraska construction and industrial supply distributor SouthernCarlson will be acquired by a private equity firm, officials said Monday.
Los Angeles-based Truelink Capital announced the agreement to buy the company from Japanese conglomerate Kyocera Corp., which has owned the nearly 80-year-old business since 2019.
Truelink officials said that SouthernCarlson stocks more than 67,000 SKUs, including fasteners, tools, packaging and other supplies. The company operates eight distribution centers and 115 branches, and serves more than 50,000 professional customers along with the commercial, industrial, single-family, multi-family and dealer network channels.
Truelink added that SouthernCarlson’s platform includes critical consumables inventory, rapid delivery and value-added services.
Terms of the agreement were not disclosed.
"We are grateful for Kyocera's support and ownership over the last six years, during which time we have achieved strong growth, including expanding into new customer segments,” SouthernCarlson President and CEO Andrei Militaru said in a statement. “We are now excited to partner with Truelink and accelerate the achievement of our strategic vision as we transition into an independent company.”
“We look forward to closing this transaction and supporting SouthernCarlson's next phase of growth through a combination of driving commercial and operational initiatives and executing strategic M&A,” said Truelink co-founder and Managing Partner Todd Golditch.
