Hoff Companies acquires Allied Lumber dealers
Allied Lumber Dealers, a wholesale door distributor in Denver, has been purchased by Meredian, Ohio-based Hoff Cos. The purchase price was not disclosed. Allied will be merged with Hoff’s Trimco’s Millwork distribution division.
Founded in 1957, Allied Lumber Dealers has been a leading distributor of interior doors in the Front Range for more than 50 years. Under the leadership of Nick and Jim Bakarich, Allied has become a major supplier of wood doors to lumberyards, pre-hung door and millwork shops, pro dealers and other wholesalers.
Jim Bakarich will join Trimco and continue to lead his existing team in their current facility for the next several months to ensure uninterrupted service to Allied’s customer base. Jim and his team will be directed by Paul Peters, Trimco’s millwork general manager, to provide the foundation for an orderly and seamless transition from Allied’s facility into Trimco’s existing warehouse in Aurora, Colo., in early 2013.
Trimco’s recently acquired larger facility, coupled with this acquisition, will further propel Trimco to broaden its existing product lines and increase market penetration. Products will include complementary lines in exterior doors (including pre-hung and pre-finished), full line of interior doors, multiple species of stile and rail doors, moulding products and composite decking. Since Allied and Trimco service many of the same customers, the merged businesses should improve efficiencies and delivery services for the entire customer base.
Hoff Companies, now more than 100 years old, is still family-owned and managed. It has grown to include Trimco Millwork with operations in Idaho, Utah and Colorado, Western Window, Hoff Timberland division and BanBury Land Development.
M & A Advisors, headquartered in Bellevue, Wash., acted as the seller’s exclusive adviser in this transaction. M & A Advisors is a full-service mergers and acquisitions advisory firm assisting owners and acquirers of companies primarily involved in the manufacture, distribution and sales of building products.
MMC Contractors hires new executive
MMC Contractors, a commercial builder with offices in four states, has hired a new president for the Las Vegas market. Dan Coppinger will be responsible for business management and operations in the Las Vegas office, as well as helping achieve overall strategic goals for the MMC Contractors nationwide brand.
Coppinger spent the last 10 years as VP and division manager of Southland Industries in Las Vegas. He started his career 30 years ago as a sheet metal apprentice, moving up to foreman, superintendent and then transitioned into management.
MMC Contractors specializes in healthcare construction, government projects, hospitality and entertainment; educational buildings; and other non-residential sectors. Its geographical reach is 38 states, and the company has current locations in Las Vegas; Omaha, Neb.; Kansas City, Mo.; and Parsippany, N.J. Started as a family business in 1932, MMC Contractors is now 100% employee-owned.
Commercial builders see no turnaround
A survey of non-residential construction companies conducted by FMI, a management consulting and investment banking firm, found that executives see the economic strength of their own businesses falling in the fourth quarter of 2012 compared with the previous quarter. Reasons cited include a reduction in backlogs, the continued rise of material costs and lower productivity.
FMI, based in Raleigh, N.C., interviews its panelists of construction firm executives on a quarterly basis, and its fourth-quarter Nonresidential Construction Index report (NRCI) was 55.5, less than one point up from last quarter. Overall, panelists were slightly more positive about the national and local economies. But when questioned about their own businesses, panelists cited five factors that are slowing their momentum down:
• Delays and cancellations
• Changes in project size
• Energy-related construction activity
• Market opportunities
• Experiences with the Office of Federal Contract Compliance