Kodiak Building Partners announced that it is acquiring Carpenter Contractors of America, Inc. (CCA).
Based in Pompano Beach, Fla., CCA is a provider of fabricated lumber components and field installation services in the Midwest, Carolinas, and Florida. The company’s main operating locations are in Winter Haven, Fla.., Belvidere, Ill., and Fayetteville, N.C. CCA employes about 2,000 associates.
Don and Ken Thiel of CCA have signed a definitive agreement that is expected to close in October, according to Kodiak.
Terms of the deal were not disclosed but Kodiak acknowledged that this is the company's largest acquisition in its nine-year history.
As with most of Kodiak's acquisitions, CCA’s existing management team will continue to run the company, including President and Vice Chairman Ken Thiel.
Founded in 1955 by Don Thiel, with his brother Robert, CCA has modest roots but has evolved to become an industry leader. Don attributes CCA’s success to its ability to hire and retain the very best employees.
“Our focus on staying true to our family-business culture, even as we grew and evolved, was always key, and I am confident that Kodiak will not only respect our culture but also enhance it,” he said. “It is important to me and my family that with Kodiak’s involvement, our company will continue to grow, improve, and thrive, while caring for our employees and valuing everything that they each bring to the table. I will be able to enjoy my upcoming retirement, knowing that CCA is in good hands.”