PRODUCTS, MATERIALS, CONSTRUCTION
Colony Hardware | March 06, 2023
Colony Hardware, a leading direct-to-jobsite distributor of jobsite supplies and construction materials, has declared the acquisition of a South Carolina-based entity New South Construction Supplies, LLC (New South). It is a value-added distributor of concrete, rebar, waterproofing products, masonry, and contractor supplies.
Since forming a partnership with Audax Private Equity in November 2018, Colony has made a total of 12 acquisitions, the most recent being this one.
New South is one of the leading suppliers of construction supplies and building materials in the Southeast. The company was established in 1981 and now has locations in North Carolina, South Carolina, Georgia, and Florida. New South caters to commercial, residential, and industrial construction contractors as well as those working in waterproofing, restoration, and road-and-bridge construction.
Tim Rash, Chief Executive Officer of Colony Hardware said, “Bringing New South Construction Supply and Colony Hardware together is impactful in several ways and represents Colony’s largest partnership to date.” He added, “Earning the trust of Jim Sobeck and the New South team further reinforces the industry view that we are the partner of choice for owners of distribution companies seeking to scale their business, grow their legacy, and help their valued employees prosper. More importantly, New South’s reputation for quality customer service and their dedicated associates mirror Colony’s ‘client-driven’ culture.”
Jim Sobeck, CEO of New South, stated, “We are proud to become part of the Colony Hardware family and especially pleased that our people and locations will remain the same as we add more locations to better service contractors across the South. With Colony's leadership and reputation, I look forward to seeing New South continue on its growth trajectory with Colony’s backing. The future is bright for our business, our associates and the loyal customers of New South and Colony Hardware.”
(Source – BusinessWire)
About Colony Hardware
Colony Hardware, founded in 1988 and headquartered in Orange, CT, has 59 branches across Northeast, Mid-South, Midwest, Mid-Atlantic, and Florida. It provides Equipment & Tools, Safety Products, Supplies, Rental and Repair to construction industry. Their quality and services are unparalleled. Items are carefully chosen based on their value, durability and quality. Colony understands that the public needs goods at the correct place, timing, and price to achieve their rigorous deadlines. They stock more than 25,000 diverse goods from about 750 manufacturers. They aim to finish thousands of orders, so that tradespeople can work safely and efficiently.
QA Consultants | March 02, 2023
ALTEN Group, recently announced its acquisition of QA Consultants, a top independent software quality engineering services firm.
QA Consultants’ primary objective is to enhance the influence of software in the world with a powerful quality engineering team. The firm provides services to ensure that software functions appropriately, is flexible, and secure, and is the cornerstone in assisting businesses worldwide to develop and execute better quality software.
The acquisition of QA Consultants by ALTEN Group, a global engineering and IT services company specializing in technology consulting, allows the group to enhance its data, agile software development cloud, cybersecurity consultancy, and infrastructure. With this acquisition, ALTEN's employee count in North America is now nearly 3,000, and its global employee count is over 52,000.
ALTEN has agreed to purchase most of QA Consultants' assets for an undisclosed amount, marking a substantial addition to ALTEN's services portfolio. QA Consultants will continue to operate as an independent subsidiary of ALTEN and maintain business as usual, with the current senior leadership team staying with the company.
Alex Rodov, Founder and Managing Partner of QA Consultants, said, “We set out almost 30 years ago to create the world’s best quality engineering services firm and we have emerged as the North American leader in identifying risk for small and large enterprises. I am incredibly proud of what our organization has accomplished and am grateful to our employees for their contributions.” He further added, “This transaction marks the start of an exciting new chapter for QA Consultants where we become part of a much larger enterprise with aligned cultures, allowing us to bring further value and capabilities to our customers.”
(Source: Business Wire)
About QA Consultants
QA Consultants is an award-winning firm that provides software quality engineering services. They specialize in software testing and quality assurance solutions, and are supported by top industry practitioners and solutions. They serve businesses, industries, and government as a trusted engineering services provider.
The firm has successfully delivered 12,000+ mission-critical projects in the private, public and not-for-profit sectors. QA Consultants has a strong emerging technologies practice which concentrates on providing quality engineering solutions for autonomous and connected vehicles, artificial intelligence (AI), blockchain, and the Internet of Things (IoT).
Procore Technologies | January 05, 2023
Offsight, a premier project management software provider, has partnered with leading construction management solutions developer, Procore Technologies. The integration narrows the visibility gap in the construction value chain between job sites and offshore building product manufacturers.
Industry experts believe factories will experience rapid growth by moving offsite with building materials manufacturers.
Modular, panelized, and prefabricated products worth hundreds of billions of dollars are moving through the construction value chain from offsite factories to job sites. As construction projects grow increasingly complex, offering project stakeholders factory-level visibility will successfully complete projects on schedule.
As a result of the integration, Offsight will be available on the Procore App Marketplace as an embedded experience within a Procore account. This will enable Procore customers, such as general contractors and project owners, to securely access Offsight to check project delivery status and quality reporting on construction materials, as they are made at their partner's factory site.
Headquartered in Carpinteria, California, Procore Technologies, Inc. is a leading global provider of cloud-based construction software. Its award-winning suite of project management tools has helped hundreds of thousands of firms manage all kinds of construction projects, drastically increasing project efficiency and accountability by streamlining and mobilizing project communications and documentation. In addition, it uses real-time data and accessibility, helping minimize costly risks and delays—ultimately boosting profits.