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.
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.
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.
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 was given exclusive naming rights for the upcoming inaugural Pac-12 Coast-to-Coast Challenge.
Buffalo Grove, Illinois-based building materials distributor pledges $100,000 to the R.I.S.E. Program to help wounded veterans.
Illinois-based building materials distributor US LBM has opened a new roofing and siding location in Millsboro, Delaware.
To support its growth, US LBM hires Riley as COO and Shanbhag as general counsel while promoting Managan to SVP of supply chain.
