M&A Deal Summary

Doman Building Materials Group Acquires Honsador Holdings

On October 31, 2017, Doman Building Materials Group acquired building materials company Honsador Holdings from Grey Mountain Partners

Acquisition Highlights
  • This is Doman Building Materials Group’s 3rd transaction in the Building Materials sector.
  • This is Doman Building Materials Group’s 3rd transaction in the United States.
  • This is Doman Building Materials Group’s 2nd transaction in Hawaii.

M&A Deal Summary

Date 2017-10-31
Target Honsador Holdings
Sector Building Materials
Buyer(s) Doman Building Materials Group
Sellers(s) Grey Mountain Partners
Deal Type Add-on Acquisition

Target

Honsador Holdings

Kapolei, Hawaii, United States
Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii, serving the residential, commercial, and military markets. Founded in 1935, the Company operates out of two divisions: Honsador Lumber and Building Materials (“LBM”) and Alpha Electric (“Alpha”). LBM is the largest independent lumber and building materials distributor on the big island, and Alpha is the largest independent distributor of electrical products in the state of Hawaii.

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Buyer(S) 1

Buyer

Doman Building Materials Group

Vancouver, British Columbia, Canada

Category Company
Founded 1989
Sector Construction
Revenue 2.5B CAD (2023)
DESCRIPTION

Doman Building Materials Group is a national distributor in the Canadian building materials, hardware and related products sector with a significant presence across Canada. Doman Building Materials Group was incorporated in 1989 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 8 of 10
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 8 of 10
State (Hawaii) 2 of 2
Country (United States) 3 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Honsador Holding

Kapolei, Hawaii, United States

Honsador is a distributor of building products and electrical supplies and the largest producer of pressure-treated wood in Hawaii, with 14 facilities across the Big Island, Maui, Oahu and Kauai serving the residential, commercial and military markets.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Hixson

Plumerville, Arkansas, United States

Hixson is a value-added wholesale and manufacturing company in the lumber and treated lumber space, operating from 19 locations located in eight U.S. states. Hixson operates 19 lumber treating plants, five specialty sawmills, and its own trucking fleet, and services and delivers products in approximately 25 states primarily in the central United States. Hixson was founded in 1959 and is based in Plumerville, Arkansas.

Buy $375M

Seller(S) 1

SELLER

Grey Mountain Partners

Boulder, Colorado, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.


DEAL STATS #
Overall 9 of 17
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 3 of 6
State (Hawaii) 1 of 1
Country (United States) 9 of 17
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Binswanger Glass

Memphis, Tennessee, United States

Binswanger Glass is a provider of repair, replacement, remodeling as well as new construction and installation services for a full suite of architectural glass and aluminum products, serving commercial, residential, and automotive aftermarket customers. Binswanger Glass was formed in 1872 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Ajubeo

Boulder, Colorado, United States

Ajubeo LLC is a provider of infrastructure as a service (IaaS), including public, private, and hybrid cloud products. Ajubeo LLC was founded in 2011 and is based in Boulder, Colorado.

Sell -