Audax-backed Colony Hardware buys Care Supply

Colony Hardware, which is backed by Audax Private Equity, has acquired Nashville-based Care Supply Company, a distributor of construction products and supplies to contractors.

Colony Hardware, which is backed by Audax Private Equity, has acquired Nashville-based Care Supply Company, a distributor of construction products and supplies to contractors. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, Colony Hardware, acquires Care Supply Company

The Company
Care Supply Co. LLC (“Care Supply”) is a direct-to-jobsite distributor of construction products and supplies to contractors in Nashville, TN.

The Deal
Colony Hardware Corporation (“Colony”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Care Supply. This transaction represents Colony’s twenty-first acquisition, and seventh completed since Audax’ initial investment in Colony in November 2018. Colony’s acquisition of Care Supply expands the company’s distribution footprint into the Nashville metro area.

The Thesis
Headquartered in Orange, CT, Colony is a leading distributor of tools, safety products, and other contractor supplies. Audax plans to work with the Colony management team to help build on Colony’s leading position and accelerate growth through acquisitions to continue geographic and product line expansion. The Care Supply acquisition adds several strategic customer relationships and expands Colony’s presence into Nashville, Tennessee, one of the fastest growing commercial construction markets in the U.S. Care Supply will leverage the combined company’s scale, broad product offering, and specialist sales force to better serve customers throughout the Nashville area.