Acquisition News
US LBM Purchases Homestead Building Systems
National building materials distributor grows presence in key Virginia metropolitan areas
US LBM Holdings, LLC, a privately owned company, has made more than 80 acquisitions since 2009 and has a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing and siding.
— Image courtesy of Homestead Building Systems; Bryan Gottlieb for RC
US LBM, a national distributor of specialty building materials, announced on Monday it had acquired Homestead Building Systems, a turnkey structural building component manufacturer and distributor in the Mid-Atlantic region.
Virginia-based Homestead Building Systems, founded in 1996, operates two facilities in the state: a 29-acre manufacturing facility in Orange and a distribution center in Bristow; HBS serves contractors throughout the Washington D.C., Richmond and Charlottesville metropolitan areas, US LBM said in a March 4 news release.
With this acquisition, US LBM now operates two truss manufacturing facilities in Virginia; the company also operates five locations under the Barrons banner in the Washington D.C. metro area, including a truss facility and two locations in the Richmond area as Massey Builders Supply.
"The team at Homestead Building Systems has built a strong reputation for providing top-quality service and products to customers throughout the Mid-Atlantic region," said US LBM president and CEO L.T. Gibson.
"We are excited to partner with Homestead Building Systems and expand our truss and wall panel manufacturing capabilities to support the growing housing markets in the greater D.C. metro area and eastern Virginia," Gibson added.
Anchor Peabody Advisory Services, Inc. acted as financial advisor to Homestead Building Systems.
For more information, visit uslbm.com.
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