The rapidly growing dealer has acquired Hipp Modern Builders Supply and Pandhandle Lumber & Supply.
Nation’s Best announced more expansion moves with the acquisition of Hipp Modern Builders Supply in Mountain View, Arkansas and Panhandle Lumber & Supply in Bonifay, Fla.
The addition of Panhandle complements Nation’s Best’s established presence in northwest Florida and the acquisition of Hipp extends their reach into Arkansas for the first time.
“With these newest stores, we’re quickly becoming the nationwide family of home improvement businesses we envisioned,” said Chris Miller, president and CEO of Nation’s Best. “In just under two years, we’ve grown our reach to now include 22 locations across seven states. We’re proud of our role in strengthening independent retail at the local level and we’re very happy to have Hipp Modern Builders Supply and Panhandle Lumber & Supply as a big part of that growth.”
As part of Nation’s Best’s acquisition strategy, both locations will maintain operations under their existing names with their management teams overseeing company operations alongside Nation’s Best, which will provide the strategic and financial support necessary to achieve optimal growth and profitability.
“For three generations, our family has proudly served our community,” said Terry Hipp, owner of Hipp Modern Builders Supply. “I couldn’t be happier knowing that Nation’s Best will build on our traditions while growing the business.”
“We’ve been providing quality, competitively priced building materials and home improvement products to our customers in Bonifay since 1994,” said Jack Locke, Panhandle Lumber & Supply owner. “Nation’s Best represents the future for our business, ensuring that our team and our customers will benefit for years to come.”
Financial terms of the acquisitions were not disclosed.
Nation’s Best is a member-owner of Do it Best Corp., the U.S.-based hardware, lumber and building materials buying cooperative.
Launched in 2019, Nation’s Best Holdings has quickly expanded to 22 locations in seven states with 480 associates.