Fastener and tool distributor SouthernCarlson announced Wednesday that its has acquired a Maryland building products distributor — a move that reflects a “renewed M&A strategy” under its new owners.
SouthernCarlson officials said that Greenwald Supply Direct serves commercial contractors across the Mid-Atlantic region, and that the addition of the company would bolster its position both in that area and in the commercial segment overall.
GSD, in turn, would see “expanded product offerings, enhanced supply chain capabilities and access to a national distribution network.”
Terms of the deal were not disclosed.
"GSD's reputation for first-class service and deep customer relationships fits perfectly with our culture," SouthernCarlson President and CEO Andrei Militaru said in the announcement. “Together, we'll strengthen the support we provide contractors across the Mid-Atlantic and beyond."
Los Angeles private equity firm Truelink Capital acquired SouthernCarlson from Japanese industrial giant Kyocera earlier this year. Todd Golditch, the firm’s co-founder and managing partner, said that he expects the deal to be “just the beginning” for the newly acquired distributor.
"We are excited to turn the M&A engine back on for SouthernCarlson,” Golditch said.
