The company is set to separate its electronics and water businesses from its industrial unit.
Latest In Building Materials/Construction
It marks White Cap’s fourth acquisition in 2024, all since the start of April.
In GMS' third deal of the year, the specialty building products distributor will add Yvon Building Supply and its affiliate companies.
In its third deal of the year, construction and safety supplies distributor White Cap will add Michigan-based safety product distributor.
It gains the building products distributor a foothold in Teton Valley community along the Idaho/Wyoming border.
TopBuild is set to add Arkansas-based Insulation Works, which has three locations.
Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
Beacon's increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities.
Economists had forecasted a monthly gain of 0.3%.
Pomona, CA-based Howard & Sons distributes a range of wallboard and steel framing products in Southern California.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
Originally announced this past July, the deal was valued at $960 million.
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
Adding five branches across Nebraska, Iowa and North Dakota, it's the fourth acquisition Beacon has announced in 2024.
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The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
