LBM deals (blue pins), greenfield openings that have happened or are planned (green) and closures (red) YTD. Not shown: A planned store opening in Alaska. Source Webb Analytics
The end of a quarter typically is one of the most popular times of the year to close an acquisition, and we’re hearing reports of several deals percolating. So the end of March and early April might bring several M&A announcements. But for the moment, the deal market is lukewarm.
Webb Analytics’ Deals Database shows just 17 deals for 26 locations year to date. That compares with 38 acquisitions for 54 locations by this same point in 2024. Greenfield activity also is slow, with only 15 openings so far vs. 29 last year.
The biggest deal to date saw Beacon purchase waterproofing specialist D.M. Figley Co., which has five locations in California. As for lumberyards, Builders FirstSource bought O.C. Cluss’ four locations. US LBM did two single-yard deals. US LBM’s purchase of highly regarded Walker Lumber of Nashville, TN, brought it its first yard in the Volunteer State. And US LBM’s takeover of Goodrich Bros., a hardwood moulding specialist located between Lansing and Grand Rapids, MI, will boost its value-added revenue in the state.
Elsewhere, 84 Lumber expanded its truss capacity twice over. First, it opened a components plant in Newark, DE, that it had purchased from Warren Truss in mid-2024 and then updated. It also bought Tri-Country Truss of Bloomsburg, PA. Historically, 84 has preferred to build its own facilities from scratch.
ABC Supply’s drywall division, L&W Supply, purchased Drywall Supply of Wichita, KS. And The Home Depot’s SRS Distribution bought Rising Star Wholesale of Des Moines, IA.
