US LBM grows in Brooklyn with Feldman Lumber
US LBM Holdings has expanded its footprint yet again via the acquisition of Brooklyn-based Samuel Feldman Lumber Co.
Owners Robert and Kenneth Feldman will remain on-board, with Kenneth stepping in as president of Feldman Lumber.
“We are excited and proud to join the US LBM team and the opportunity it brings to provide our customers with continued enhancements to our product and service offering,” said Kenny Feldman. “This partnership with US LBM provides a platform for growth to our associates and partners for the future.”
Founded in 1912, Feldman Lumber currently serves the New York City metro as a full-service provider of wallboard, steel stud, insulation, wood products and specialty building supplies. Feldman has four total locations in the Tri-State area.
“Feldman is a key strategic addition to US LBM and demonstrates our commitment to grow our current offering of specialty products," US LBM president and CEO L.T. Gibson. "The addition of wallboard, steel stud and insulation not only enhances the scope of these products but will also provide a platform for continued expansion within our current and future locations. We continue to enjoy success by partnering with leading building material teams and businesses throughout the country. This validates our belief that our industry is local by nature and our people make the difference."
Kodiak Building Partners acquires AO, Inc.
Kodiak Building Partners purchased substantially all the assets of AO, Inc., a Dallas based fabricator and distributor of doors, frames and hardware to commercial contractors for the office build-out market.
The move brings Denver, Colorado-based Kodiak deeper into Texas, and follows acquisitions of Gulf & Basco and Factory Builder Stores.
“We are very excited about having the AO team join forces with us,” said Steve Swinney, Kodiak president. “Their expertise in serving the market for both new office facilities and tenant improvement work fits into our diverse approach to U.S. construction markets.”
Terms of the transaction were not disclosed.
Kevin Skaggs, founder and owner of AO added” “After over twelve years of nurturing and growing AO into a leader in this market, I’m pleased to see that this transaction offers a smooth transition for our AO team, our customers and our suppliers."
Founded in 2011, Kodiak ranks 42nd on the recent HCN Top 200 Pro Dealer Scoreboard.
The company is fabricator and distributor of building products with four locations in Colorado, eight locations in Texas, and one location in Boston serving commercial and residential contractors, builders and sub-contractors.
Kodiak Chairman and CEO, Paul Hylbert, said: “This acquisition marks another step in the growth of Kodiak and our growth in the Texas market,” said Kodiak Chairman and CEO Paul Hylbert. “With Gulf & Basco, Factory Builder Stores, and now AO, serving all the major markets, we’re continuing to invest in one of the fastest growing states in the country.”
Fargo is scene of ABC Supply opening
Beloit, Wisconsin-based building products distributor ABC Supply Co., will open its first North Dakota location.
The official opening date for the Fargo store is Aug. 18.
“North Dakota’s economy is very strong thanks to the oil boom in the western part of the state,” said Jim Welch, VP of ABC’s Midwest Region. “Unemployment is very low, construction activity is up and last year the new home market in Fargo was the strongest it has ever been. By locating our newest branch in Fargo, we are bringing the ABC Supply brand of superior service to the contractors who are working in this busy market.”
The store is located at 4119 14th Ave. N in Fargo.