BOSTON – May 11, 2010 – Bradco Supply Corp. (“Bradco”), majority owned by Advent International, the global private equity firm, today announced it has signed a definitive agreement to be acquired by ABC Supply Co., Inc.
The combination will create a leading national distributor of exterior building materials with 479 locations in 45 states and the District of Columbia and combined sales of over $4 billion. Importantly, the combined company will be better positioned to partner with its vendors and better able to service the needs of its customers. The transaction is subject to regulatory approvals.
Advent International will remain investors in the combined company.
Headquartered in Avenel, New Jersey, Bradco Supply Corp. operates 129 branches in 30 states with sales of approximately $1.5 billion in 2009. The company was founded in 1966 by Barry Segal and has been an innovator in the building supply industry for over four decades. More information is available online at www.bradcosupply.com.
About ABC Supply
Headquartered in Beloit, Wisconsin, ABC Supply operates more than 350 branches in 45 states and the District of Columbia. ABC was founded by Ken Hendricks in 1982 and had sales of approximately $2.6 billion in 2009. ABC is a four-time winner of the Gallup Great Workplace Award (2007-2010). More information is available online at www.abcsupply.com.