The Granite Group has further cemented its position as a leading northeast supplier of essential home and energy products by acquiring Premier Supply Group, a fellow wholesale distributor with a similar product lineup and geographical footprint. The acquisition adds nine branch locations to The Granite Group, which already managed an extensive branch network of 57 locations prior to the transaction. This move aligns with the company’s growth strategy, smoothing the path into new markets that promise optimistic futures for both customer service and employee opportunities. The integrated branches will benefit from The Granite Group’s centralized distribution capabilities out of Londonderry, NH, which maintains the commitment to daily deliveries – a key differentiating feature the company prides itself on. CEO Bill Condron expressed enthusiasm about the merger, emphasizing customer service agendas, and cultural compatibility. An interim period where Premier Supply Group will retain its original branding is planned, transitioning to The Granite Group’s Sink & Spout showrooms later in the year. David Teece, former owner of Premier Supply Group, voiced his confidence in leaving the company in the safe and able hands of The Granite Group, entrusting them with its legacy of committed service excellence.

Wholesale Distribution, Home Products & Services,New England

https://www.globenewswire.com/news-release/2024/04/26/2870619/0/en/THE-GRANITE-GROUP-EXPANDS-ITS-FOOTPRINT-WITH-STRATEGIC-ACQUISITION-OF-PREMIER-SUPPLY-GROUP.html