FRANKLIN, Tenn.--(BUSINESS WIRE)--Outdoor Living Supply (“OLS”), a distribution platform with a focus on outdoor living products and solutions, announced today that it has acquired Mid-Atlantic Concrete Products and South-Atlantic Concrete Products (“MACP” and “SACP” or “the Companies”), full-service distributors of hardscapes, natural stone and porcelain products in North Carolina and Georgia, respectively.
Founded in 2004, MACP is based in Winston Salem, NC, and SACP, established in 2007, is located in Cumming, GA. Since their inception, both Companies have established themselves as the preferred suppliers of high-quality hardscape solutions to commercial and residential contractors, as well as independent dealers in their respective markets.
Ken Armistead, President and Managing Partner of MACP, will remain a strategic resource to the business in an Ambassador role. Rich Kearney, President and Managing Partner of SACP, will continue with OLS in a newly formed role as VP of Commercial and Wholesale, where he will be responsible for developing and implementing strategies to drive recurring revenue from new and existing customers in the commercial and wholesale markets.
Brian Price, CEO of Outdoor Living Supply, commented, “We are thrilled to have the teams at MACP and SACP join OLS. These partnerships enhance our existing store network in North Carolina and Georgia and give us a significant foothold in the commercial hardscape market.”
“Partnering with OLS enables us to maintain the family culture that we have built over 20 years,” said Ken Armistead, President and Managing Partner of MACP. “OLS shares our drive and commitment to providing exceptional quality products and service.”
Rich Kearney, President and Managing Partner of SACP, added, “Outdoor Living Supply provides us with expanded resources and a powerful growth platform, helping us take our commercial sales, talented team, loyal customers and suppliers to new levels.”
Faegre Drinker Biddle & Reath LLP served as legal advisor to OLS.
About Outdoor Living Supply
Outdoor Living Supply is a distribution platform with a specific, differentiated focus on outdoor living products. OLS seeks to partner with family- and founder-led companies with shared values and local heritage. By leveraging deep industry relationships, OLS supports its companies’ growth both organically and through strategic acquisitions while providing the products, resources, technology, and training to enhance the customer experience and create new opportunities for its employees. Outdoor Living Supply launched in partnership with Trilantic North America in late 2020, which invested in the platform to support its growth across key verticals including: hardscapes; outdoor living; landscape accessories; outdoor lighting; and bulk materials.
For more information, visit www.outdoorlivingsupply.net.
About Trilantic North America
Trilantic Capital Management L.P. ("Trilantic North America") is a growth-focused middle market private equity firm focused on control and significant minority investments in North America. Trilantic North America's primary investment focus is in the business services and consumer sectors. Since inception, Trilantic North America has managed seven private equity fund families with aggregate capital commitments of $11B. For more information, visit www.trilanticnorthamerica.com.
