Blue Sea Capital, LLC, West Palm Beach, Fla., a private equity firm, has acquired ProSource from CID Capital.
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ProSource is headquartered in Greenville, SC, and is a supplier of luxury plumbing fixtures, electrical, lighting, and cabinet and door hardware. They have been operating in the Carolinas since 1996 with seven branches across the states.
Blue Sea’s partnership with ProSource will focus on continuing the company’s organic growth, expanding geographically throughout the Southeast, and accelerating the completion of complementary add-on acquisitions.
“Drew and the team at ProSource have done a tremendous job growing the company, adding to the legacy of Grover and Tonya Martin who founded ProSource over 25 years ago,” said Eric Hansen, Partner at Blue Sea Capital. “We are thrilled to partner with such an outstanding team and look forward to leveraging our expertise and resources to support ProSource.”