The management consulting company is looking to run an auction process for a 49% stake, according to Bloomberg.
Latest In US LBM Holdings
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.
The Buffalo Grove, Illinois-based distributor will acquire the building products supplier serving Southwest customers.
Radtke succeeds Wendy Whiteash, who has moved into the role of executive vice president of integration & strategic priorities, US LBM said.
The distributor acquired the manufacturer of structural roof and floor trusses, wall panels and supplier of lumber to customers in the Southwest U.S.
The Buffalo Grove, Illinois-based distributor reached a deal to acquire the manufacturer and supplier of structural roof and floor trusses.
Ohio Transmission Corporation, an industrial equipment service distributor, acquired Diversified Pump, TP Pump and Critical Rental Solutions.
The building materials distributor has acquired Professional Builders Supply, a materials supplier for builders in the Carolinas.
