Allied Building Products completes three acquisitions
Allied Building Products Corp. has recently completed three acquisitions: Ivan Supply Co.; the Smyrna, Ga., branch of American Wholesale; and Pacific Source.
Philadelphia-based Ivan Supply Co. is a privately held, four-branch distributor of roofing and siding. It was founded in 1981 by Ivan Tancredi.
“Ivan Supply employees are some of the best in the industry, which makes the acquisition by Allied such a natural fit,” Tancredi said. “Two great companies with well-educated employees all focused on one goal: helping our customers succeed.”
American Wholesale, a residential siding staple in the Southeast, was founded in 1991 by Terry Ferrero. The Smyrna location will be managed by John Baumgartner.
Pacific Source, which serves Hawaii, is a privately held building materials distributor based out of Snohomish, Wash. The company was founded in 1992 by five owners: Kim Halverson, Rob Bruce, Carol Kinison, Mark Mason and Doug Martin.
"We are excited to be a part of the Allied Team and are confident that the Hawaii community will be better served as a result of the acquisition," Mason said.
With branch operations on the Big Island of Hawaii, Kauai and Maui, Pacific Source provides building materials to homeowners in Hawaii.
No comments found
New Trex Enhance decking product launched
Winchester, Va.-based Trex Co. launched the new Trex Enhance high-performance composite decking.
The new product will be positioned between Trex Accents and Transcend in the company’s good, better, best decking line-up, according to CEO Ronald Kaplan.
"Trex Enhance will both expand and strengthen our high-performance decking portfolio and provide consumers with a composite product that features a multitude of innovative features," said Kaplan.
Enhance won’t rot, warp, crack or splinter, and its three-sided shell protects against staining, fading and mold, Trex said. It comes in a deep charcoal Clam Shell color and a Beach Dune, described as warm, honey brown.
Composite Deck materials can
Composite Deck materials can provide homeowners a beautiful wood look without wood's hassles. And these are also quick and easy to install, with self-spacing tongue and groove designs. Austin Custom Home Builder
Hi it's a good comment. this
Hi it's a good comment. this article very interesting. http://www.paragonremodeling.com/custom-decks.html
Lyman Lumber joins US LBM Holdings
Lyman Lumber, the Excelsior, Minn.-based pro dealer, has been acquired by BlackEagle Partners, the parent company of US LBM Holdings. Serving the Minneapolis-St. Paul metro area as well as parts of Wisconsin, Lyman Lumber includes lumberyards in Chanhassen, Minn., and Eau Claire, Wis., as well as Carpentry Contractors Corp. and Automated Building Components.
Lyman Lumber was No. 22 on the HCN Pro Dealer Scoreboard for 2011. Annual sales, according to the BlackEagle announcement, are $100 million. The transaction was effective Oct. 28, 2011.
Lyman Lumber will join US LBM Holdings, a collection of eight pro dealer operations serving the Midwest, Northeast and Mid-Atlantic in nine states with more than 40 locations. BlackStar, a New York private equity firm, is the financial backing and strategic oversight behind US LBM Holdings and its companies.
LT Gibson, CEO of US LBM, said in a prepared statement: “With over 114 years of commitment to the building products industry, Lyman has established a terrific reputation. All of our business units will benefit through this acquisition, and we are excited to welcome Lyman’s employees to our team.”
Lyman’s VP operations, Dale Carlson, will remain with the business in his new role as president. “The breadth of products and quality of services offered by all of our business lines at Lyman will only improve through our partnership with US LBM.”
No comments found