NEFCO completed the acquisition of Newman Associates.

NEFCO, a provider of professional construction trades, completed the acquisition of Newman Associates, a distributor of construction equipment and pipe support systems. Financial terms were not disclosed. “Newman has been a fierce competitor of ours for decades and we couldn’t be more excited to join forces as one company and continue to grow our presence in New England and better service our customers. Newman’s engineering, fabrication, and technical expertise in pipe hangers & supports makes them the perfect partner for NEFCO and we feel very fortunate to welcome them on board as we continue to expand on our SHARP product offering and service capabilities," Matthew Gelles, NEFCO President and CEO.