QXO's Beacon Takeover Wasn't the Only Big LBM Deal Recently

By Craig Webb, President, Webb Analytics

LBM openings, closures, and acquisitions YTD 2025. Black dots: QXO's acquisition of Beacon locations. Yellow dots: Lowe's acquisition of ADG sites. Purple dots: Foundation Building Materials' REW acquisitions. Blue pins: Other acquisitions., Green dots: Greenfield openings. Red dots: Closures. Source: Webb Analytics

Three large deals to acquire construction supply facilities have transformed LBM's M&A map in just a few weeks. Nevertheless, the action this year still trails what we saw in 2025.

Webb Analytics has recorded 34 deals so far in 2025. Those transactions involved 852 locations. That's down from the 64 transactions involving 920 locations that had taken place by May 7, 2024. Greenfield openings also are down--56 so far this year vs. 76 by early May 2024.

QXO's purchase of Beacon is the megadeal, involving more than 650 locations when you include Beacon's waterproofing and Dealers Choice outlets. But along with that $11 billion purchase, recent weeks also have seen Lowe's purchase the 91-location Artisan Design Group (ADG) for $1.325 billion. Lowes says ADG provides design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops. Lowe's says the purchase will help it expand sales to home builders and property managers.

April also saw drywall specialist Foundation Building Materials reveal it had purchased KCG/REW Materials, a distributor of interior and exterior building materials with 46 operations serving 23 states. The purchase price wasn't revealed.

In other action recently:

• Builders FirstSource purchased Truckee-Tahoe Lumber, which has seven locations in the Lake Tahoe area of California and Nevada.

• Kodiak Building Partners bought New River Building Materials of Banner Elk and Boone, NC.

• Gold Beach Lumber took over Hennick's Home Center of Bandon and Lakeside, OR.

• 84 Lumber opened a truss plant in Fort Collins, CO.

• SRS Distribution's Heritage Landscape Supply bought Greendell Landscape Solutions of Mooresville, IN, and Musselman Landscape Solutions of Noblesville, IN. Both were owned by Frank Greseking.

• SRS Building Products opened in Youngstown, OH.

• PARR opened a new store in Damascus, OR.

• Whit Davis Lumber Plus opened in Sherwood, AR.

• Decks & Docks planted a new store in North Kingstown, RI, following on its acquisition in Gulfport, MI, in April.

• Gleckler & Sons opened a new location in Lakeland, FL.

• Delhi Lumber expanded by opening a new store in Manchester, IA.

• Cascade (ID) Building Supply opened.

• R.P. Lumber opened a new store in Quincy, IL.

• ABC Supply expanded into Bartlesville, OK, and Sterling Heights, MI.

• The Home Depot opened in St. Augustine, FL. The Home Depot plans to open roughly a half-dozen new locations in the U.S. this year.

• Joel Alonso and his wife launched a brand-new company, Stadia Building Products, began in Miami. It will specialize in outdoor living products.