Malone Steel Corporation has been acquired by New South Construction Supply

The shareholders of Malone Steel Corporation have sold the company to New South Construction Supply.

Malone Steel is a distributor of rebar and has been providing exceptional customer service to contractors in north Florida for over 30 years. The company will continue to be a leading supplier in its market, operating as New South Construction Supply-Ponte Vedra.

Headquartered in Greenville, South Carolina, New South Construction Supply was founded in 1981 and has grown to be a leading distributor of construction products to general contractors and subcontractors across the Sunbelt, as well as nationally and internationally. New South specializes in concrete and masonry accessories, rebar and wire mesh, tilt-up construction, waterproofing materials, and other commercial and residential construction products. The acquisition of Malone Steel will provide a one-stop shop for concrete and masonry construction customers in the north and central Florida markets.

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.