Fourteen acquisitions by 12 buyers that involved 62 construction supply locations. Twenty-six greenfield openings. Eight closings. By any measure, the construction supply market is off to a robust start through the first eight weeks of 2022. We've seen roughly 50% more action than was witnessed at the same point in 2021--and 2021 was regarded as a busy year.
Two acquisitions accounted for 41 of those yards: Gulfeagle Supply's purchase of 24 R&S Supply branches and Builders FirstSource's acquisition of 17 National Lumber locations. As for the others:
Gulfeagle Supply also bought Adler Warehouse, a seller of roofing based in Joliet, IL, and moved its Bristol, PA, operation to Hamilton, NJ.
Central Network Retail Group acquired HomeFront Home Center, which has stores in Greenwood and Winona, MS.
TAL Holdings, a collection of dealer brands in the Pacific Northwest, made its second deal this year by acquiring Midway Building Supply of Tonasket, Oroville, and Republic, WA. In January, TAL purchased Bayview Building Materials of Elma, WA.
SRS Distribution's Heritage Landscape Supply Group bought Green Velvet Sod Farms, a four-unit operation in central Ohio.
ABC Supply bought Seattle Cedar Supply, based in Snohomish, WA, and opened a new facility in New Braunfels, TX. In January, ABC's L&W Supply division acquired Holmes Drywall, a gypsum specialist serving the Kansas City market and Topeka, KS.
Nation's Best Holdings added Woodland Building Center of Springerville, AZ, to its portfolio.
GMS, the drywall specialist that operates locally under dozens of different names, announced 11 greenfield store openings all at once: Gator Gypsum in North Fort Myers, FL; Capitol Materials in Statesboro, GA, and Ocean Springs, MS; New England Gypsum in Milford, CT; Cowtown Materials in Abilene, TX; Ames Taping Tools in Madison, TN, Pflugerville and Houston, TX, and Peoria, IL: Tucker Materials in Greenville, SC; and Capitol Building Supply in Baltimore.
Wilson Lumber opened a millwork manufacturing facility in Tanner, AL, and started operating in a manufacturing and storage warehouse in Huntsville, AL.
Floor & Decor opened its newest store in Monona, WI.
Fulcrum Building Group is growing again on Florida's Gulf Coast, this time opening a new store in Panama City.
In the hardware store community, Robinson's Hardware's owners bought Crescent Ace Hardware of Clifton Park, NY, and changed it to a Robinson's store. Kyle and Emily Medearis bought Johnson Hardware of Sidney, MT. Meanwhile, Sycamore Ace Hardware opened in Terre Haute, IN, while there were at least four closures: Hartville Hardware 2 in Tallmadge, OH; Benedict's Ace Hardware in Johnson City, TN; Homestead Hardware in Woodford, VA; and Stoneway Hardware in Seattle.