Audax-backed Colony Hardware completed the acquisition of New South Construction Supply.

Audax-backed Colony Hardware, a safety equipment distributor, completed the acquisition of New South Construction Supply, a building materials supplier. Financial terms were not disclosed. “We are proud to become part of the Colony Hardware family and especially pleased that our people and locations will remain the same as we add more locations to better service contractors across the South. With Colony's leadership and reputation, I look forward to seeing New South continue on its growth trajectory with Colony’s backing. The future is bright for our business, our associates and the loyal customers of New South and Colony Hardware,” Jim Sobeck, New South CEO.