Truss, Specialty Dealers, Hardware Stores Featured in Latest LBM Deals Action
Variety abounds in this latest monthly roundup of acquisitions, openings, and closures involving construction supply companies. No one category of dealer predominated, and no mega-deal emerged.
SRS Distribution probably can claim the biggest single transaction in dollar terms, acquiring Florence Building Materials' five yards on Long Island. But the most facilities purchased in one deal happened when Rocky's Ace Hardware bought the eight-store, Ohio-based Handyman Ace Hardware chain.
There were two purchases of truss companies. The first happened when US LBM bought Crown Components of Tolleson, AZ, and the second came when Builders FirstSource acquired Valley Truss of Boise, ID.
Also recently, Mead Lumber acquired Triple "S" Building Center of Butte, MT; Ambassador Supply purchased Orgain Building Supply's lumberyard and components plant in Clarksville, TN; and Outdoor Living Supply picked up Woodward Landscape Supply of Phoenixville, PA.
All told, through April 18 there have been 34 deals involving 22 buyers and 106 locations. That's almost precisely the same numbers for deals through this date in 2021.
On the other hand, there have been 57 greenfield openings announced so far this year vs. just 30 at this same point in 2021. One big reason why is LL Flooring, which revealed it opened seven new locations during the first quarter. Meanwhile, Floor & Decor announced two more openings in March and another in April.
R.P. Lumber expanded by opening a new store in Nevada, MO, while Busy Beaver opened its 25th store, this time in Delmont, PA.