Matrix Capital Markets Group, Inc. (Matrix), with expertise in industrial valves, pipes and fittings, among other disciplines, recently announced the successful sale of CMA Supply Co., Inc. (CMA Supply) to Carter-Waters, LLC, a Kansas City, Missouri-based portfolio company of Merit Capital Partners and Aiglon Capital Management, LLC. The acquisition forms a seventeen location platform across Indiana, Ohio, Kentucky, Missouri, Kansas and Illinois. Matrix served as exclusive advisor to CMA Supply and the transaction was led by Andrew Chidester and Braden Hill.
CMA Supply is a regional distributor of concrete and masonry products and accessories to professional contractors in the industrial, commercial and residential end-markets. The Company was founded by William Updike in June of 1978 in Indianapolis, Indiana and has grown to six distribution facilities and two rebar and fabrication facilities across Indiana, Kentucky and Ohio. The Company has a premier reputation for service and product selection within the region.
Carter-Waters, LLC provides construction materials and rental equipment throughout the Midwest. The Company was founded in 1922 and was acquired by Merit Capital Partners and Aiglon Capital Management in 2014.