US LBM, a building materials distributor based in Buffalo Grove, Illinois, says it has reached an agreement to acquire Barrons, a provider of lumber and building materials to professional builders in the Washington, D.C. metro area.
Financial terms were not disclosed.
Barrons serves professional builders including remodelers, custom home builders and outdoor living builders with specialty products, such as decking, millwork and special-order items.
Barrons operates two facilities that serve the D.C. area: a 6.6-acre property in Gaithersburg, Maryland and a 14.7-acre property in Manassas, Virginia. The locations include a showroom, warehouse and lumberyard.
Last month, US LBM acquired BuilderUp, another distributor in the D.C. area.
“The Barrons team is well known in the market for its professionalism and above and beyond service to its customers,” said US LBM President and CEO L.T. Gibson. “We are excited to partner with Barrons, which complements our recent acquisitions in the region, to tap into the large and growing professional builder and remodeler market in Washington, D.C.”
The transaction is expected to close by month’s end, “subject to customary closing conditions,” US LBM said.