NEFCO Finalizes Russell Supply Acquisition

The construction supply company says it completed a deal to acquire the Vermont-based supplier, which also serves New York and New Hampshire.
Construction input prices fell 2.7% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.

Hartford, Connecticut-based construction supply company NEFCO completed its acquisition of Russell Supply, a contractor supply company that serves Vermont, New York, and New Hampshire.

Financial terms of the deal were not disclosed.

The deal is expected to further expand NEFCO’s New England presence and provide local supply capabilities for current and future Vermont customers, NEFCO said.

“With our combined business experience and knowledge of over 80 years, we look forward to the continued success Russell Supply will build with NEFCO and our customers throughout Vermont,” said NEFCO CEO David Gelles. “We are thrilled to welcome the dedicated professionals from Russell Supply to our growing NEFCO team. Each member brings a level of commitment and passion for continued growth and success in Vermont.”

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