Mazzella acquires Newell Davis
Mazzella Companies has acquired Newell Davis Company of Wilmington, North Carolina. This acquisition further strengthens Mazzella’s footprint in the Atlantic region of the US 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 has been servicing and supplying the construction, government/military, and ports industries in the Carolinas since 1976. It began as a small family-owned business by brothers Conrad and Chet Newell, along with Chet’s son-in-law, William Davis.
Effective immediately, Newell Davis will operate as Mazzella Newell Davis. Terms of the transaction are not being disclosed.
President of Newell Davis, Teresa McGee, said, “I met Tony Mazzella while serving as an officer on the AWRF [Associated Wire Rope Fabricators] board and have had the greatest respect for him and his accomplishments through the years. When I decided to sell Newell Davis 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.”
Matt Mazzella, president of Mazzella, said “Wilmington, North Carolina provides us the opportunity and access to support new customers in industries like construction, ports, railroad, and US 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.”