The Granite Group Wholesalers, LLC today announced the purchase of the assets of Shetucket Supply Corporation. The Granite Group, headquartered in Concord, NH, is an 18 branch distributor of plumbing, heating and cooling products. Shetucket is a nine branch plumbing and heating distributor based in Norwich CT and has been owned and operated by the Fatone family for over 50 years.

After the acquisition, The Granite Group will have sales of $165,000,000, 450 employees and locations in all New England states. The Granite Group was established in 1998 through the merger of Capitol Plumbing Supply and Central Goulet.

"We are delighted to welcome the employees of Shetucket to our growing family. Furthermore, we are excited to extend our business through eastern Connecticut and into Rhode Island,” said P. Kevin Condron, Chairman and CEO of The Granite Group.

Ten of The Granite Group’s eighteen locations are in New Hampshire. In addition to the corporate headquarters in Concord, The Granite Group has branches in: Manchester, Hooksett, Nashua, Keene, Gilford, Rochester, Portsmouth, Exeter and South Hampton. The Granite Group’s 105,000 sq. ft. central distribution warehouse is located in Londonderry NH next to the Manchester-Boston Regional Airport runway.

The Granite Group is also the parent company of The Ultimate Bath plumbing showrooms with NH locations in: Concord, Manchester, Rochester, Exeter and South Hampton.

The parties expect a mid March closing. No purchase price was disclosed.

For further information, please contact Mike Mullaney at 603-545-3302.