Denver-based Kodiak Building Partners has acquired Great West Drywall Supply, a specialty distributor of drywall, steel framing, ceilings and accessories to contractors in the greater Denver market. The purchase price was not disclosed.
“We are very excited about bringing Todd Mills and the Great West team into the Kodiak portfolio,” said Kodiak CEO Paul Hylbert. “We expect the distribution of drywall and accessories to be a core part of our future growth.”
Great West has been privately owned by a small group of investors since its founding in 2002. The decision by the former ownership group to concentrate its efforts on its other portfolio investments led to the opportunity to sell the business to Kodiak.
“We’re pleased with the sale of our Great West business, in that it will allow us to concentrate on our much larger contracting business, maintain a supply relationship with Kodiak, and ensure that our people have the on-going support of an owner with a desire to grow this business,” said Denis Dieker, managing member and treasurer for the investment group.
The business will be moving to Barton Supply’s 20-acre facility in Aurora, Colo., from its current location in Greenwood Village, Colo. Todd Mills and his team will stay on as management.
In conjunction with the deal, Kodiak announced an expanded senior credit facility with Chicago-based Cole Taylor Business Capital. This facility will support the continued growth of Kodiak’s existing portfolio companies and future acquisitions.
Kodiak Building Partners is a private investment group with a focus on building products distribution. The company’s first investment, Barton Supply, serves professional builders and general contractors out of three locations along the Colorado Front Range with reinforcing products, structural steel and accessories. In July, Kodiak announced the purchase of Gulf and Basco, a specialty distributor of cabinets, appliances and windows serving the greater Houston market.