Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Thursday announced it has agreed to acquire J.P Hart Lumber and Hart Components, a building products distributor and manufacturer with eight locations across Texas. Financial terms of the deal weren’t disclosed.
Upon completion of the acquisition, US LBM will operate 65 locations in Texas; in May, US LBM added 38 locations in Texas with the acquisition of Higginbotham Brothers.
Founded in 1939 by J.P. “Jimmie” Hart and headquartered in San Antonio, Hart serves major markets in Texas with five building materials yards and one window distribution facility across Austin, Houston, Dallas-Ft. Worth and San Antonio. Hart Components operates two roof truss and wall panel manufacturing facilities in Austin and San Antonio.
“Joining with US LBM in our 82nd anniversary year will allow us to continue to grow, provide new solutions for our valued customers and opportunities for our dedicated people,” said W.B. “Speedy” Hart and Greg Wright, who will both remain with Hart. Wright will continue to lead day-to-day operations following completion of the acquisition.
Added US LBM President and CEO L.T Gibson: “The Hart team is widely respected and known for excellence and innovation by professional builders across Texas. “When this acquisition is completed, US LBM will have an expansive network across Texas, with a strong presence in every major housing market, including Austin, Houston, Dallas-Ft. Worth and San Antonio.”