Mazzella Companies Acquires Newell Davis Company
Mazzella Companies is pleased to announce the acquisition of Newell Davis Company of Wilmington, North Carolina. This acquisition further strengthens Mazzella’s footprint in the Atlantic region of the U.S. and along the eastern seaboard. It also reinforces Mazzella’s commitment to be a one-stop provider for rigging equipment and sling assemblies, engineered lifting solutions, training, and the inspection and repair of cranes, hoists, and rigging.
Newell Davis Company has been servicing and supplying the construction, government/military, and the ports industries n the Carolinas since 1976. It began as a small family-owned business by brothers Conrad & Chet Newell, along with Chet’s son-in-law, William Davis.
Effective immediately, Newell Davis Company will operate as Mazzella Newell Davis. Terms of the transaction are not being disclosed.“I met Tony Mazzella while serving as an officer on the AWRF board and have had the greatest respect for him and his accomplishments through the years. When I decided to sell NewellDavis Company, Tony and Mazzella Companies was who I thought of first. Our location will fit strategically with their other existing locations and this acquisition will allow our business to flourish with no limitations on potential growth. Our customers are our top priority, and I know that they will be very well taken care of with better deliveries and access to expert services and premium products with Mazzella Newell Davis. I couldn’t be prouder,” said President of NewellDavis, Teresa McGee.
“Wilmington, North Carolina provides us the opportunity and access to support new customers in industries like construction, ports, railroad, and U.S. government and military. This strategic location will support and build off the success we’ve experienced in surrounding markets, including Virginia Beach and Charlotte. I’m excited about our business’ continued growth, and I’d like to offer a warm welcome to our newest team members from Newell Davis Company,” said Matt Mazzella, President of Mazzella.
About Mazzella Companies
Mazzella Companies employs over 1,000 individuals in 40+ locations in North America. Mazzella is the largest independently owned company in the overhead lifting and rigging industries and is a manufacturer and distributor of a wide range of lifting products for industrial, commercial, and specialty applications. In addition, Mazzella is a leading manufacturer of world-class overhead cranes, specialty machinery, and overhead crane services. Mazzella Companies portfolio includes Sheffield Metals, a manufacturer and distributor of coated and bare metal products for engineered metal roof and wall systems, and New Tech Machinery, a manufacturer of portable roof panel and gutter machines that are recognized as the world’s finest portable roll formers.