Newly formed US LBM Holdings, LLC, will acquire three regional operations of Stock Building Supply in Wisconsin, Central New York and Connecticut. The deal, funded by private equity firms BlackEagle Partners, LLC, and Building Industry Partners, LLC, is the latest in a series of sell-offs for the building materials distributor since filing for bankruptcy protection in June. As part of the filing, Stock said it would close more than 200 locations.
The operations being acquired by US LBM will be re-established as local autonomous businesses under the former or trade names of the entities that make up the new organization: Wisconsin Building Supply, Bellevue Builders Supply and East Haven Builders Supply.
In aggregate, US LBM and its subsidiaries will be comprised of 13 locations and more than 500 associates servicing the professional building market with a primary focus on customers that require specialized services, such as custom homebuilders, professional remodelers as well as multifamily and commercial contractors.
