M&A Deal Summary

US LBM Acquires Jennings Builders Supply & Hardware

On December 23, 2020, US LBM acquired distribution company Jennings Builders Supply & Hardware

Acquisition Highlights
  • This is US LBM’s 28th transaction in the Distribution sector.
  • This is US LBM’s 38th transaction in the United States.
  • This is US LBM’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-12-23
Target Jennings Builders Supply & Hardware
Sector Distribution
Buyer(s) US LBM
Deal Type Add-on Acquisition

Target

Jennings Builders Supply & Hardware

Brevard, North Carolina, United States
Jennings Builders Supply & Hardware provides a full range of building materials, providing its customers with a one-stop-shop solution for custom home building and remodeling projects. Jennings Builders Supply & Hardware was founded in 1984 and is based in Brevard, North Carolina.

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Buyer(S) 1

Buyer

US LBM

Atlanta, Georgia, United States
Category Company
Founded 2009
Sector Distribution
DESCRIPTION

US LBM is a distributor of specialty building materials and offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components, and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. US LBM was founded in 2009 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 38 of 71
Sector (Distribution) 28 of 36
Type (Add-on Acquisition) 37 of 70
State (North Carolina) 1 of 3
Country (United States) 38 of 71
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Tri-County Building Supplies

Pleasantville, New Jersey, United States

Tri-County is a distributor of lumber and specialty building materials, including roofing, siding, wallboard, insulation, millwork, hardware, cabinetry, interior, and exterior doors, windows, and stair rail installation, to professional customers and homeowners in southern New Jersey. Tri-County Building Supplies, Inc. operates multiple locations in southern New Jersey, including a 14-acre flagship location in Pleasantville that includes a showroom and 60,000 sq. ft. of warehouse space.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Gilcrest/Jewett Lumber

Coralville, Iowa, United States

Gilcrest/Jewett Lumber Co. is a building products dealer and manufacturer. Gilcrest/Jewett provides a wide range of specialty building products to professional builders and do-it-yourselfers, including windows, doors, cabinetry, countertops, flooring, roofing, and siding. Gilcrest/Jewett Lumber is based in Coralville, Iowa.

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