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BFS Goes for Millwork, ABC Supply for Canada in Latest LBM Deals


LBM store acquisitions (blue pins), greenfield openings (green), and closures (red), YTD 2023. Not shown: One acquisition each in Alaska and Hawaii. Source: Webb Analytics

Variety--both in terms of what's sold and what country is involved--has been the rule in the latest additions to Webb Analytics' deals report. Since July 1, there have been companies purchased and greenfield stores opened in all the specialty categories tracked: Lumber, Components, Exteriors, Hardware, Gypsum, Landscaping, and Flooring.


The dealmaking pace year to date is similar to where things stood by mid-August 2022. So far, we've had 260 facilities acquired (vs. 273 at this point last year), 141 store openings (vs. 128) and 24 closures (vs. 35). Another 27 store openings are scheduled to occur by year-end.


The most notable change from normal arguably is ABC Supply's purchase of Cedar Grove Roofing Supply, a seven-store outfit serving British Columbia. It's only the second time ABC Supply has bought a Canadian company. Last November, ABC Supply bought the Monarch Group, which has five stores in Alberta.


Meanwhile, Builders FirstSource continued to spend some of the $500 million that it has been setting aside annually for acquisitions. Its latest purchases continued two goals. The first is to increase sales of value-added products. It did that by acquiring JB Millworks of Ringgold, GA, and Builders Millwork of Anchorage, AK., The second is to deepen its presence in major markets. It did that in Detroit by buy Church's Lumber Yards of Lapeer and Auburn Hills, MI.


Among other recent actions:

  • R.P. Lumber purchased Wright Building Center's store in Sparta, IL. Wright will continue to operate its store in Murphysboro, IL.

  • West Coast Lumber took in its first truss operation by buying Stone Truss of Oceanside, CA. WCL was founded by Building Industry Partners.

  • Nation's Best Holdings kept growing in Texas by acquiring Cain Hardware of Carthage.

  • Beacon bought Crossroads Roofing Supply, which has five stores in Oklahoma. In a separate deal, Beacon acquired siding specialist All American Vinyl Supply of Tupelo, MS.

  • ABC Supply's L&W Supply division purchased Oswego (IL) Building Supplies.

  • In the Memphis area, Maximus Building Supply took over Brighton (TN) Lumber.

  • Ganahl Lumber opened a new store in San Juan Capistrano, CA, that replaces a much smaller, now-closed location in nearby Capistrano Beach.

  • The Detering Company opened a lumber specialty facility in Houston.

  • Richards Building Supply acquired Midwest Siding Supply of Montgomery, IL.

  • Online dealers DecksDirect bought another online-only dealer, DIY Home Center of Green Bay, WI.

  • Last July, Builders FirstSource sold a branch in Grand Prairie, TX, that specialized in providing maintenance materials to multifamily and commercial buildings. That operation, called Maintenance Supply Solutions, opened for business in July.

  • SRS Distribution's Arrowhead Building Supply opened in Olathe, KS, and its SRS Building Products unit opened in Menomonee Falls, WI.

  • 84 Lumber says its new components plant will open in Winter Haven, FL, on Sept. 13. Meanwhile, The Truss Company and Building Supply came to life in Redmond, OR.

  • W.E. Aubuchon bought Mount Joy, PA-based J.B. Hostetler & Sons.

  • Moore Lumber opened a new store in Castle Rock, CO.


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