South Yorkshire firm SteelPhalt, who are part of the Harsco Group, manufacture asphalt products intended for the roadmaking industry within the United Kingdom.
The new name shall be; SteelPhalt Sheffield United FC Academy. Former sponsors Redtooth will continue to invest in the club, with an announcement due to be made in the upcoming months.
Paul Reeves, Sheffield United's head of commercial, said: "We are particularly pleased with this new partnership, to have SteelPhalt on board as the sponsor of the club's Academy is a huge positive for all concerned. This is about investment into the future of the football club to enable our younger players to have facilities that will enable a hopeful pathway to first team football."