Business

Selling Your Company? Drummond Says You Need a Broker

January 7, 2021

Our industry has been changing in a big way. Independents once dominated our industry, but now through mergers and acquisitions, that is no longer the case.

L&W Supply Acquires Merrimack Building Supply

January 7, 2021

L&W Supply Corporation, a leading distributor of top-quality building materials and specialty products in the United States, announced today that it has acquired the business of Merrimack Building Supply, a building materials distributor with locations in southern New England.

BFS and BMC Complete 550-Facility Merger

January 7, 2021

Builders FirstSource and BMC Stock Holdings have completed their all-stock super LBM merger.

Private Investment Firm Buys Weston Forest

January 7, 2021

Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, today announced it has been acquired by the Watermill Group, a strategy-driven private investment firm.

US LBM Acquires NC's Jennings Builders Supply

January 6, 2021

US LBM, a leading distributor of specialty building materials in the United States, has reached an agreement to acquire Jennings Builders Supply & Hardware, a building products dealer with four locations in western North Carolina.

Iowa’s Gilcrest/Jewett Lumber Bought by US LBM

January 4, 2021

US LBM, a leading distributor of specialty building materials in the United States, has acquired Gilcrest/Jewett Lumber Company, a building products dealer and manufacturer with five locations in Iowa.

Katerra Avoids Bankruptcy with $200M from Softbank

January 4, 2021

SoftBank Group Corp. has agreed to invest $200 million more to bail out Katerra, a construction startup that ran into financial problems as it tried to shake up the building industry.

UFPI Expands Pallet Industry Presence Through Acquisition

December 22, 2020

UFP Industries today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million.

US LBM Buys NJ’s Tri-County Building Supplies

December 22, 2020

US LBM, a leading distributor of specialty building products in the United States, has acquired Tri-County Building Supplies, a building materials distributor in southern New Jersey.

Specialty Building Products Bought by Private Equity Firm

December 22, 2020

Specialty Building Products, LLC, a leading distributor of specialty building products in North America, today announced that it has signed a definitive agreement whereby The Jordan Company, L.P. ("TJC") will acquire a majority ownership position in SBP from funds affiliated with Madison Dearborn Partners, LLC ("MDP").