Construction supplies distributor NEFCO (East Hartford, Connecticut) announced Aug. 22 that it has acquired Newman Associates — a Canton, Massachusetts-based distributor of pipe hangers and supports — for an undisclosed amount.
Marking NEFCO’s seventh bolt-on since 2017 and third in 2022, Newman serves the construction, infrastructure and water/wastewater treatment industries. The company’s capabilities include integrated engineering and fabrication. Newman operates out of a single 50,000-square-foot facility and is led by chairman Hank Newman, president Rick Tamulionis and general manager Joe Sestito.
“Newman has been a fierce competitor of ours for decades and we couldn’t be more excited to join forces as one company and continue to grow our presence in New England and better service our customers,” stated NEFCO president & CEO Matthew Gelles. “Newman’s engineering, fabrication, and technical expertise in pipe hangers & supports makes them the perfect partner for NEFCO and we feel very fortunate to welcome them on board as we continue to expand on our SHARP product offering and service capabilities.”
“I know I speak for our entire team at Newman when I say we are eager and ready to join the NEFCO family,” Tamulionis added. “With our combined SHARP experience and knowledge of close to 100 years, we look forward to better serving our plumbing, HVAC, electrical and fire protection customers. We pride ourselves on being the ‘Pipe Supports Specialists’ and our new partnership with NEFCO allows us to combine forces and focus on broadening NEFCO’s tremendous SHARP product offering.”
NEFCO’s previous two acquisitions this year included Jiffy Fastening Systems Inc. (Lexington, Kentucky) and Russell Supply (South Burlington, Vermont). NEFCO now has 20 locations along the U.S. East Coast.