Kodiak Building Partners agreed to acquire American Builders Supply based in Orlando, Fla. The move marks Kodiak’s first step into the Sunshine State.
American Builders Supply serves homebuilders across the state with truss, millwork, windows, doors, lumber, and related products. Mark Garboski, ABS chief operating officer, will lead the operation for Kodiak. The transaction is expected to close in the fourth quarter of 2017.
“This transaction represents our entry into the Southeastern United States, a strong, long-term growth market for building products. We are excited to partner with Mark and his extremely talented management team at ABS to continue to grow the company and our presence in Florida,” Steve Swinney, Kodiak CEO, said in a prepared statement.
Chad Barton, founder and Chairman of American Builders Supply added: “We are excited to have Kodiak as the new owner and partner of ABS and have confidence that their deep building products experience will allow ABS to continue to grow and prosper.”
Paul Hylbert, Chairman of Kodiak said, “We have been interested in expanding into the Florida market, and look forward to supporting the team at ABS as they continue the success story that they have written for the past several years. I am confident that ABS will be a key contributor to Kodiak’s future”.
Based in Littleton, Colo., Kodiak Building Partners currently operates 39 locations in Texas, Colorado, Michigan, Delaware, Maryland, and Massachusetts with a diverse array of products including lumber, fabricated steel and accessories, gypsum, commercial doors, millwork, cabinets and appliances.
Last month, Kodiak announced it was expanding operations in Colorado and acquiring Drywall Materials, LLC., which specializes in building products for residential and commercial drywall contractor customers.