About the Transaction
Southern Tier Municipal & Construction Supply Co., Inc. (STS) is a leading supplier of products and services to the construction, industrial, commercial, and municipal markets. Having served its customers for over 35 years, STS’s stellar reputation for customer service, quality, and responsiveness has been the foundation for its growth and success. The Company’s broad product offering includes over 70,000 items available from their distribution center or ready for direct shipment from STS’s hundreds of supplier partners.
The buyer, Jamestown Macadam, Inc. (JMI), is a diversified company that produces asphalt, concrete, and aggregate products as well as operates a contractor supply distribution business. Since JMI’s inception in the 1960’s, it has grown to become one of the largest suppliers in its market area and continues to service its expanding customer base with a broadening product and service offering. The acquisition of STS allows JMI to further serve their customers with an expanded product offering and greatly enhanced distribution infrastructure.
Paramax Corporation, a FINRA-registered investment banking firm, served as the exclusive advisor to STS. Paramax is focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in Williamsville, NY with an International reach through its partnership in Globalscope Partners Ltd., a group of international corporate finance and business advisors operating globally to support M&A transactions.