With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities.
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Based in Orange, VA, HBS produces and distributes turkey structural building components from its distribution center in Bristow, VA.
US LBM expands its product offering to support professional builders and remodelers in the northern part of Michigan’s lower peninsula.
Specialty building materials supplier US LBM announced back-to-back acquisitions of structural building product manufacturers.
The seventh edition of the charity golf tournament was held at TPC Sawgrass outside of Jacksonville, Florida, on Oct. 11.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The management consulting company is looking to run an auction process for a 49% stake, according to Bloomberg.
Manning’s product portfolio includes lumber and trusses, along with custom doors, windows and millwork, and installation services.
The US LBM AFCA Coaches Trophy will also be a part of a national trophy tour starting in the 2024-25 season.
Andrew Campbell will be responsible for all aspects of US LBM’s technology platform and systems, the company said.
Auburndale is the third truss facility in Florida for US LBM’s Raymond Building Supply division.
M&A deals involving building supply facilities fell from 178 in 2021 to 164 in 2022, with lumber companies accounting for the most activity last year.
Analysis of the latest M&A deals and exclusive results from the 4Q22 Baird-MDM Industrial Distribution Survey highlight January's report.
In total, these divisions and their subsidiaries currently operate 42 locations in 12 states, according to a news release.
For the month, MDM reported 22 mergers and acquisitions among industrial distributors, the lowest total since May.
The new US LBM facility will focus on roofing and siding, the company said in its announcement.
The distributor has added Atlanta-based Georgia Truss and Fayetteville-based Comtech.
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said.