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LBM Deals, Openings, and Closures Continue to Rise Through Mid-October

LBM facilities involved in deals (blue pins), openings (green) or closures (red) YTD 2020. Source: Webb Analytics

The LBM community has seen a total of 219 facilities involved in deals, greenfield openings, or closures since the start of 2020, Webb Analytics' database shows. That's down markedly from the 290 recorded by Oct. 15, 2019. But this year's list excludes--so far--the merger of BMC and Builders FirstSource. We don't know yet whether that merger's impact on the deals map will show up late this year or early in 2021.

The 2020 count includes 154 locations involved in acquisitions, 43 greenfield openings, and 22 closures. That compares with the 171 facilities in deals, 87 greenfield openings, and 32 closures at this point in 2019.

As usual, SRS Distribution has been the most active company since mid-September. Last month, it announced the acquisition of RSI Building Products, a specialty dealer with five locations in Louisiana plus one in Dallas, and on the same day it revealed its purchase of CB Wholesale Inc. of Bellingham and Burlington, WA.

Then on Oct. 2, SRS' Heritage Landscape Supply Group acquired Aquarius Supply, a landscaping products specialist with four branches in New Jersey, two in Virginia, two in Pennsylvania, and one each in Delaware and Maryland.

In other action:

* Nation's Best Holdings, a Texas-based dealer that enjoys an equity investment from Do it Best, bought Simms Lumber of Weatherford, TX, and Simms' MetroWest Transload unit, based in Cresson, TX.

* Nabor's Do it Best Home Center purchased C&D Lumber of Amory, MS.

* Canada's All-Fab Group bought Littfin Truss of Winsted, MN.

* US LBM's Universal Supply division opened a new store in Manchester, CT, while its Raymond Building Supply division opened a store in Lakeland, FL.

* ABC Supply opened a new branch in Concord, NC.

* Carter Lumber's Carter Kitchen + Bath design center set up shop in Louisville, KY.

* Sparr Building & Farm Supply opened in Dunnellon, FL, after purchasing a site that became available when Nichols Supply closed.

* Gordon Lumber is scheduled to close its yard in Port Clinton, OH, around Oct. 31.

* SRS Distribution has leased 26,400 square feet of industrial space in Oklahoma City, The Oklahoman newspaper reports.

* An unidentified lumber yard in New York State with $6.2 million in gross revenue is for sale . Its asking price of $1.8 million included $600,000 worth of real estate and $500,000 of FF&E but excludes $650,000 worth of inventory.

* The Lumber Barn in Goshen, NH, is for sale for $465,000. The Lumber Barn in Bradford remains in business.

* There's an unidentified lumberyard, hardware, and garden center in Alabama that's for sale. It claims annual gross revenue of $4.7 million. The asking price of $2.85 million includes FF&E and excluded $1.4 million worth of inventory.

* An unidentified hardware store in Texas has put itself up for sale. It has annual gross revenues of $1.9 million and EBITDA of $178,000. No asking price was listed.

* There's an unidentified lumber yard and hardware store in San Bernardino County, CA, for sale. It has cash flow of $1.35 million, and $1.3 million in inventory. The asking wasn't disclosed.

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