Sept. 21, 2007: Colonial Commercial Corp. Acquires S&A Supply
Colonial Commercial also announced that its lending bank has increased the company’s credit line by $10 million to $25 million.
William Pagano, chief executive officer of Colonial Commercial, said “The acquisition of S&A brings us the significant ability to offer our full line of quality heating and air conditioning equipment and accessories in the markets that S&A has serviced for more than 35 years with its plumbing, heating, and electrical lines. We will also add S&A’s electrical supplies and equipment lines to the markets we have been serving through our Universal Supply Group, the RAL Supply Group, and American/Universal Supply subsidiaries.
Brian Mead, president of S&A Supply, said “This acquisition has the potential to bring strong growth and increased profitability to our business. In addition to sharing product lines with our new sister companies, our companies will continue to target expansion within their existing lines. This is an exciting opportunity for all of us.”
Colonial distributes HVAC equipment, parts, and accessories, climate control systems, and plumbing and electrical supplies to HVAC contractors, primarily in the New York metropolitan area, through its Universal Supply Group, American/Universal Supply, and RAL Supply Group subsidiaries. These contractors purchase and install equipment and systems for residential, commercial, and industrial users.
The company also distributes home appliances to dealer groups and appliance stores through its Goldman Universal division. Additionally, the company offers water filtration systems, parts and accessories, and other products through its e-commerce store, www.procontractorstore.com, operated by RAL. The company is headquartered in New Jersey, and, with its affiliates, operates out of seven locations in New Jersey, nine in New York, and one in Pennsylvania. For more information, visit www.colonialcomm.com.
Publication date: 09/17/2007