Monomoy Acquires United Materials, Inc. as an Add-On to Construction Resources
Founded in 2002, United Materials, Inc. (UMI) is a founder-owned importer and distributor of countertop materials that are used for residential and commercial applications in Florida. UMI’s product offering is composed of quartz and natural stone countertop slabs at various price points as well as complementary products and materials, which include stone veneer, porcelain slabs, and maintenance products. UMI has a diversified customer base, with more than 1,500 total customers who come to UMI primarily for residential repair and remodel applications.
The acquisition of United Materials marks a meaningful step for Construction Resources in its strategic plan to become the premier, one-stop-shop building products distributor of scale in the Southeast. United Materials represented an opportunity for Construction Resources to acquire a high-growth distributor of complementary products that serves the attractive Florida repair and remodel market. With over $300mm in revenue, the combined Construction Resources platform will be more repair and remodel focused and expand its footprint within the Southeast.
Monomoy Capital Partners is a private investment firm with $1.5 billion in committed capital across a family of three investment funds. We invest in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe.