The start of 2022's second half saw a surge in deal announcements, raising the year-to-date total to 64 acquisitions by 37 companies for 203 locations. The volume of locations is far behind where we were at this point in 2021, when 69 different deals caused 340 locations to change hands, but speaking tactically, this year's big deals could be just as important.
Many of the blue pins from Arizona to Texas in the map above are new, the result of US LBM's acquisition of Foxworth-Galbraith Lumber. The move answers the challenge presented by Builders FirstSource last year with its purchase of the Phoenix-based Alliance Group. Like BFS, FoxGal is based in Texas and has components operations in Phoenix. It ranks 25th on the Webb Analytics Construction Supply 150, with sales of $927 million last year.
Until US LBM's FoxGal deal, the biggest lumber-related acquisition this year was BFS' January purchase of New England's National Lumber. And outside of lumber, the biggest acquisition remains Gulfeagle Supply's purchase of R&S Supply, a 24-branch roofing specialist.
Elsewhere in LBM over the past few weeks:
* Building Industry Partners (BIP) announced the creation of West Coast Lumber. The four-unit Southern California operation consists of new facilities opened recently in Bakersfield and San Diego along with the two Roadside Lumber yards in Camarillo and Agoura Hills purchased in January. BIP also owns Southeast Building Supply Interests, which has locations in the Georgia, the Carolinas, and Tennessee.
* Also in California, Big Creek Lumber announced it's buying O'Connor Lumber & Ace Hardware of Vallejo.
* McCoy's Building Supply announced it will sell its stores in Greenville, Vicksburg, and Laurel, MS, as well as its Searcy, AR, location to Central Network Retail Group (CNRG). McCoy's also said it has been forced to close its Corsicana, TX, branch because of a highway expansion.
* Kodiak Building Partners purchased Sun Mountain Custom Doors, a high-end door fabricator and dealer with nine operations spread across Colorado, Florida, North Carolina, Utah, and California. In addition, Kodiak bought Miller Lumber, which has stores in Redmond and Bend, OR.
* Hammond Lumber expanded outside of Maine for the first time, acquiring Brock's Building Materials & Floor Covering of Rochester, NH.
* Nation's Best Holdings strengthened its Texas operations by buying Advanced Window Systems of Ferris, TX.
* Koopman Lumber bought Boilard Lumber of Indian Orchard, MA.
* ABC Supply bought American Building Materials, which has gypsum specialty stores in Hebron and Wadsworth, OH.
* Carter Lumber's Kempsville Building Materials subsidiary opened a new location in Richmond, VA.
* Westlake Ace Hardware bought Guerneville Fulton Ace Hardware in Santa Rosa, CA.
* LL Flooring revealed June 22 it had opened new stores in Winchester, VA; Mooresville, NC; Mount Holly, NJ; Eau Claire, WI; Battle Creek, MI; and Cumming, GA. Similarly fast-growing Floor & Decor opened a store in West Hartford, CT.
* SRS Distribution's Superior Distribution subsidiary opened a new exteriors specialty store in Dalton, GA.
* Gillman Home Center broke ground for a new store it's building in Shelbyville, IN.
* A new operation, Waynedale Lumber & Hardware, plans to open late this month in Fort Wayne, IN. It's in the same location as the former Umber's Hardware, which closed in February 2020.
* Harbor Freight Tools opened a store in Geneva, NY.
* Roofing specialist New Castle Building Products opened in Brooklyn, NY.
* Woodley Park Hardware of Washington, DC, part of the A Few Cool Hardware Stores group, is closing in July.
Comentarios