Even Without the Home Depot-SRS Deal, M&A and Greenfield Activity Has Sped Up

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.

Welcome To EquiNova Capital

EquiNova Capital Partners LLC is the new company launched by Michael Collins and Walk Kurek following their years as Managing Directors of Building Industry Advisors. EquiNova invests private equity capital in middle-market companies and provides merger and acquisition advisory services. 

We Can Answer Your Most Pressing M&A Questions

  • How do the most active buyers in today’s market value my company?
  • What parts of the business should I change to improve its valuation?
  • When is the right time to sell?

These are questions that are commonly asked by the owners of building products manufacturers and distributors. Our work in selling and raising capital for companies puts us in a unique position to help answer these important questions. Regardless of when you might decide to approach the market, please contact me to have a confidential discussion about your company and ways to maximize its value for the owners. 

Michael Collins
Work 312-854-8036
Cell 312-282-5462