Private equity firm Truelink Capital announced that it has signed a definitive agreement to acquire construction/industrial supplies distributor SouthernCarlson from Kyocera Corporation, a global Japanese conglomerate. Financial terms of the transaction were not disclosed.
SouthernCarlson was formed in 2015 via the merger of Carlson Systems (Omaha, NE), Kentec (Snellville, GA), Southern Fastening Systems (Muscle Shoals, AL) and Duo-Fast Carolinas (Charlotte, NC), and its roots date back to 1947. SouthernCarlson focuses on Pro customers, with a platform that emphasizes inventory, rapid delivery and value-added services. The company’s activities span across a diversified set of channels that include commercial, industrial, single-family, multi-family and dealer networks.
Headquartered in Omaha, NE, the company operates nationwide coverage with eight strategic distribution centers and 115 local stores, stocking 67,000+ SKUs and serving 50,000+ professional customers. SouthernCarlson was acquired by Kyocera in 2019.
“This transaction marks an exciting new chapter for SouthernCarlson,” company President and CEO Andrei Militaru, said in a Nov. 24 news release. “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. We are now excited to partner with Truelink and accelerate the achievement of our strategic vision as we transition into an independent company. With Truelink’s support, we look forward to building on our legacy of operational excellence, best-in-class customer service, and proven reliability.”
“SouthernCarlson is a highly respected brand with significant scale and a strong history of performance, reliability and customer trust,” said Todd Golditch, Co-Founder and Managing Partner of Truelink Capital. “We are honored to have signed this transaction with Kyocera and are excited to invest behind this outstanding company and tenured management team. 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.”
This transaction reflects Los Angeles-based Truelink’s continued focus on partnering with companies in the industrials and business services sectors, and marks the 10th platform acquisition for Truelink since its founding in 2022.
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