April 2024
When a single transaction accounts for roughly 760 locations on an M&A deals map, the result can overwhelm the image. This map highlights all the other actions that have taken place this year … and there are quite a lot.
A total of 97 locations have been acquired so far this year outside of the SRS-Home Depot deal. There also have been 98 stores opened or slated to open this year. Here are recent highlights.
* Now at four, Beacon Building Products has done the most deals year to date. Its most recent acquisition was on April 15, when it bought General Siding Supply, an Omaha, NE-based dealer that also has two other yards in Nebraska plus one each in Iowa and North Dakota. Two weeks earlier, Beacon expended its waterproofing portfolio by acquiring Smalley & Co., which has 11 stores scattered about the West. These follow purchases in February of the three-unit, Carolinas-based Roofers Supply and the four unit Metro Sealant of Virginia and Maryland. Beacon also opened stores in Fort Myers and Milton, FL.
* ABC Supply moved into Canada’s Ontario province for the first time with its acquisition of Herman’s Supply, an exteriors specialist with a dozen stores in Canada’s biggest province plus one in Buffalo, NY. ABC had previously focused on British Columbia, and it looked in that direction again by buying All Canadian Building Products of Surrey, BC. Another ABC deal landed it United Roofing Supply of Katy, TX. And on April 15, ABC revealed the opening of six new locations.
* Ring’s End Lumber added to its collection of paint stores by acquiring Wilmot’s Decorating Center of New Bedford and Middleboro, MA.
* Zuern Building Products grew its service area with the purchase of Window and Door Center, a Marvin window dealer in Appleton, WI.
* Koopman Lumber bought Sampson Lumber of Pembroke, MA.
* GR Mitchell took over Ironstone Building Materials of Lancaster, PA.
* Parr Lumber opened a truss plant in Lacey, WA, while US LBM opened a Raymond Building Supply door and window showroom in Fort Myers, FL
* Decks & Docks added a store in Baltimore when it bought Fence & Deck Direct.
