US LBM lines up another acquisition
US LBM Holdings continues, infused by new ownership and steadily marching up the lists of top pro dealers, has announced plans for another acquisition – this time of GBS Building Supply of Greenville, South Carolina.
The acquisition of the six-unit dealer is expected to close Oct. 5. Bob Barreto will continue leading GBS’s day-to-day operations with his existing team in his current role as CEO and president.
GBS’s story began in 1972, when a group South Carolina-based homebuilders, under the leadership of R. Buford Landers, established a company to serve as their own supply source while also meeting the needs of all professional homebuilders. GBS has grown from a startup with just 10 employees to an employee-owned company with a staff over 100.
“GBS is excited to join the US LBM team,” said Barreto. “This new partnership allows us to continue to invest in operations and enhance customer service at all our locations. The opportunity for growth for our employees, customers, and vendor partners is extraordinary.”
“GBS Building Supply is a great addition to the US LBM family and continues our strategy to diversify from both a product and geographical perspective,” said L.T. Gibson, president & CEO of US LBM. “GBS has a proven team with a history of success. We are excited to partner with their associates and look forward to future opportunities together in the region.”
Fast-growing US LBM broke into the top 10 of the latest Pro Dealer Scoreboard – from the 15th spot in the previous year’s list — and currently describes itself as the third largest building products distributor in the United States.
84 Lumber expands its female-ownership bona fides
The 84 Lumber Company, headquartered in Eighty Four, Pennsylvania, has been designated a Female Business Enterprise by the Cleveland Mayor’s Office of Equal Opportunity.
The designation makes 84 Lumber, wholly owned by Maggie Hardy Magerko, eligible to be a supplier for government-funded projects within the limits of the city of Cleveland.
“I’m pleased to have received this designation from the city of Cleveland,” said Hardy Magerko. “Our certification as a women owned business has proven to be a critical and strategic business growth initiative.”
In 2010, 84 Lumber underwent a thorough certification process by the Women’s Business Enterprise National Council (WBENC,) the largest third-party certifier of businesses owned, controlled, and operated by women in the United States. WBENC, a national non-profit, partners with 14 Regional Partner Organizations to provide its world class standard of certification to women-owned businesses throughout the country.
The WBENC certification makes 84 Lumber Company eligible for Supplier Diversity Programs administered by private companies, and provides the basis for government certifications such as the one issued by the City of Cleveland.
84 Lumber holds the following certifications as a women owned business in the states of Colorado; Delaware; New Jersey; Tennessee; Vermont; Virginia; Wisconsin.
Other localities that recognize the lumber company in a similar fashion are Osceola County, Florida; Louisville and Jefferson County, Kentucky; Detroit, Michigan; Erie County, Nassau County and Suffolk County, New York; Cleveland and Toledo, Ohio; Philadelphia, Pennsylvania; South Central Texas Regional; North Central Texas Regional; and the California Public Utilities Commission.
David Crowe to speak at PDIS
Residential construction has been riding an upward escalator in recent months – hitting an eight-year high in July. But will it last?
The upcoming ProDealer Industry Summit will tackle that question during a Friday morning educational seminar hosted by David Crowe, the National Association of Home Builders’ chief economist.
Crowe’s 2016 Economic & Housing Forecast will address the pace of the housing recovery to date and provide evidence of where it will go next year, along with some details on what is being built and where.
Crowe is responsible for NAHB’s forecast of housing and economic trends, survey research and analysis of the home building industry and consumer preferences as well as microeconomic analysis of government policies that affect housing. He is also responsible for the development and implementation of an innovative model of the local economic impact and fiscal cost of new home construction, which has estimated the net impact of new housing in over 500 local markets.
With a PhD in Economics from the University of Kentucky, Crowe was Deputy Director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development before joining the NAHB.
Coming to the Broadmoor Hotel in Colorado Springs, Colorado, Oct. 28-30, the ProDealer Industry Summit is an exclusive three-day educational and networking forum designed to promote the growth of LBM dealers, distributors, wholesalers and the manufacturers that supply them. LBM dealers will benefit from sharing insights and best practices from leaders in the industry, in a relaxed format that encourages networking and personal interaction.
The ProDealer Industry Summit is presented by the NLBMDA (National Lumber & Building Material Dealers Association) and by Hardware + Building Supply Dealer (HBSDealer).
For more information, visit prodealer.com.