American Construction Source Acquires Weaver Lumber
Originally published by: Business Wire — July 7, 2020
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Editor’s Note: American Construction Source is an LBM distributor with more than 70 locations in nine states. ACS also recently purchased Homewood Holdings, which owns and operates Homewood Truss in Marysville, California.
American Construction Source, a leading national building materials distribution platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC and Clearlake Capital Group, L.P., today announced the acquisition of Weaver Lumber. Weaver will continue to operate under its existing local brand name of Weaver Lumber.
“ACS is pleased to add Weaver Lumber to our growing portfolio of service-oriented lumber and building materials locations,” said James Drexinger, CEO of ACS. “The Weaver family has built a highly successful business, and we are excited to partner with the team and further build on their more than 50-year legacy.”
“We are thrilled to join the ACS platform,” said Brent Weaver, CEO of Weaver Lumber. “ACS brings a deep level of operating expertise and a successful track record of integration and growth. Angeles and Clearlake have significant investment experience creating value and helping businesses achieve their full potential. ACS is the ideal partner to enable us to best serve our customers and accelerate growth of the business.”
Simpson Thacher & Bartlett LLP provided legal counsel to ACS. Financial terms of the transaction were not disclosed.