Increte of North Florida Has Been Acquired by New South Construction Supply
Heritage Capital Group, Inc., is pleased to announce the sale of Increte of North Florida (“Increte” or “the Company”) to New South Construction Supply ("NSCS"). Increte will maintain operations under the New South Construction Supply name, becoming its first Florida location.
Based in Jacksonville, Florida, Increte is a leading concrete material distributor and supplier. The Company serves customers from small construction firms to large commercial general contractors working on bridge and road projects by offering a broad range of construction supplies.
Headquartered in Greenville, South Carolina, New South Construction Supply was founded in 1981 and has grown to be a leading distributor of construction products to general contractors and subcontractors across the Sunbelt as well as nationally and internationally. NSCS specializes in concrete and masonry accessories, rebar and wire mesh, tilt-up construction, waterproofing materials, and other commercial and residential construction products. The acquisition of Increte will serve as the foundation for NSCS's expansion into the Florida market, and, later, into southern and Caribbean construction markets.
Patrick Emmet and Don Wiggins were the advisors on the deal.
The terms of the transaction were not disclosed. Heritage Capital Group's sister company, Steel Beach Advisors (licensed real estate broker), executed the transaction and served as exclusive advisor to Increte.