Homewood Holdings acquires Building Supply and Lumber Co.
The Sacramento pro dealer serves customers throughout Northern California.
Homewood Holdings, LLC, a portfolio company of private equity investment firm Building Industry Partners (BIP), has acquired Building Supply and Lumber Co., Inc.
Founded in 1946, Building Supply and Lumber is an independent pro dealer based in Sacramento serving customers throughout Northern California.
Building Supply and Lumber is the third business acquired under the Homewood Holdings umbrella, since the formation of Homewood Holdings in early 2016 by BIP and building industry veteran, Jim Stockman.
Building Supply and Lumber’s former owner, Stan McMaster, will work with Homewood as a consultant to continue servicing the Northern California LBM market and help grow Homewood’s market share in the pro dealer segment. The transaction enables McCaster to transition into retirement, following a long and successful career spent building one of the area’s leading LBM distributors, BIP said.
In addition to Building Supply and Lumber, Homewood Holdings consists of Homewood Building Supply, based in greater Sacramento, Calif., and Evergreen Lumber, based in greater Seattle, Wa.
Jim Stockman, CEO of Homewood Holdings, commented, “We’ve known and respected Stan for many years, and this acquisition helps accelerate Homewood’s growth plan and adds highly valuable customer relationships to our organization.”
Homewood Holdings also said that it is actively seeking to partner with, or acquire, additional strong independent pro dealer organizations throughout California and the Pacific Northwest.
Founded in 2008, BIP is run by managing partners Matt Ogden and Zach Coopersmith. BIP principals have co-founded and served as the equity capital sponsor for a number of the building products industry’s leading middle-market companies and operators including U.S. LBM, Kodiak Building Partners, U.S. Fence Solutions, and United Cabinet Holdings, among others.
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