In Vermont: r.k. Miles acquires Allen Lumber
The move includes 4 locations and will push r.k. Miles to 10 sites in Vermont and Massachusetts.
r.k. Miles, Inc., the Manchester Center, Vt.-based pro dealer is acquiring Allen Lumber, Inc.
The move includes the acquisition of locations in Barre, Montpelier, Waitsfield, and St. Johnsbury, Vt.
Allen Lumber is a fifth-generation family-owned business, which began in 1888. The company has a longstanding tradition of providing quality service, hardware and building materials throughout northeastern Vermont, according to r.k. Miles.
“This acquisition will help us serve our current, North-Central Vermont customer base with improved logistics and convenient pick-up locations. Allen Lumber is very well known in the markets they serve and have a similar business philosophy so we feel this will be a good fit for both the customers and employees,” said Joe Miles, president of r.k. Miles, Inc.
r.k. Miles said that a transition is currently underway and the sale is expected to close by the end of March. Following the completion of the acquisition, r.k. Miles will have 10 locations, including two sites in Massachusetts.
“r.k. Miles has a solid reputation as a reliable and trustworthy building materials supplier in Vermont and Massachusetts. We are happy that they will continue our family’s legacy to provide the best products and services our customers have grown to expect,” said Steve Allen, fifth-generation owner and president of Allen Lumber. “We are looking forward to working with Joe and his crew through a successful transition.”
“We are looking forward to working with the Allen Lumber staff and Allen Brothers, as well as getting to know their local customers,” said Brenda Beanland, vice president of operations at r.k. Miles.
r.k. Miles will also celebrate its 80th year in March. The dealer is a third-generation family business.
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