Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Wednesday announced it has agreed to acquire Jennings Builders Supply & Hardware, a building products dealer with four locations in western North Carolina. Financial terms of the deal, which is expected to close by the end of the year, weren’t disclosed.
Founded in 1984, Jennings Builders Supply & Hardware supplies building professionals with windows, decking, flooring, cabinetry, siding, lumber and engineered wood products. The company also provides customers with added value services, including design, installation and custom woodwork and interior doors.
“Partnering with US LBM positions our brand for growth and presents a great opportunity for our associates,” said Glenn Hoy, who will continue to lead Jennings Builders Supply’s day-to-day operations as president and general manager.
In addition to Jennings Builders Supply & Hardware, US LBM’s operations in the Carolinas include GBS Builders Supply, Maner Builders Supply, Myrtle Beach Building Supply and Parker’s Building Supply.
“Jennings Builders Supply & Hardware is a strong operator with an expert team located in a growing residential housing market in western North Carolina,” said US LBM President and CEO L.T. Gibson. “We’re excited to welcome Jennings to US LBM and add them to our successful and established network in the Carolinas.”
US LBM, which has been extremely acquisitive of late, itself is being acquired by Bain Capital Private Equity.