Construction Resources Acquires United Materials
ATLANTA — Construction Resources LLC acquired United Materials Inc. (UMI), a Florida-based importer and distributor of surfacing materials in mid-June. Terms of the deal weren’t announced.
UMI has three Florida design centers/distribution facilities n Naples, Tampa, and Boynton Beach.
Since its founding in 2002, UMI grew into one of the largest wholesale suppliers of stone products in the Southeast. Its countertop slab offerings include quartz, natural stone, porcelain,and recycled glass, in addition to complementary products including tile and sinks. UMI has a diversified customer base, with more than 1,500 customers and annual revenues in excess of $50 million. UMI has 3 design centers/distribution facilities located in Naples, Tampa, and Boynton Beach, FL.
UMI President Don DiNorcia and his management team will continue in their current roles, post-transaction, as a part of the Construction Resources group.
UMI has plans for expansion throughout the state of Florida in the near future. This will generate a greater reach, facilitating a more-localized distribution of slabs to better support the fabricator network in the residential and commercial segments.
Construction Resources, founded by the Hires family in 1970 to manufacture cultured marble products, now offers over 60 nationally-recognized brands across 10 product categories in the single-family, multi-family and commercial segments.
“The acquisition of UMI came as a natural fit as we looked to expand our geographic footprint and continue executing on our strategic plan to become the premier one-stop-shop for design, product sourcing, and project management needs of the remodel and new build markets,” said Mitch Hires, Construction Resources CEO. “Under the leadership of Don DiNorcia, UMI has built a solid business reputation and we believe great opportunity awaits both brands,” he added.
“We truly are excited about the opportunity this partnership presents our company,” DiNorcia said. “From an operations and geographical standpoint, there is exceptional value in the Construction Resources brand. Our businesses align almost seamlessly, and our potential for growth increases greatly with their support.”
Construction Resources LLC offers a one-stop shop for their kitchen, bath, multi-family cabinets, flooring, appliances, garage doors, fireplaces, glass & mirror and specialty needs. Other companies under the CR corporate umbrella include Atlanta Marble Mfg., Atlanta Kitchen, Atlanta Glass & Mirror, Florida Bath & Surfaces, CR Home of Alabama, Builders Floor Covering and Tile, Builder Specialties, Colonial Lighting, Sewell Appliance, National StoneWorks and ARD.
Construction Resources LLC is a part of the portfolio of Monomoy Capital Partners (MCP), a private investment firm with $1.5 billion in committed capital across a family of three investment funds. MCP invests in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe.
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