NEFCO Acquires Newman Associates in New England - Modern Distribution Management

NEFCO Acquires Newman Associates in New England

It mark's the construction supplies distributor's seventh bolt-on since 2017 and third in 2022.
NEFCO

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.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!