SBP adds DW Distribution to its roster
Specialty Building Products (SBP) has reported another major building materials distribution acquisition.
The company, which operates U.S. Lumber and Alexandria Moulding, reported that it has signed a definitive agreement to acquire DW Distribution, Inc., a regional distributor of building materials and millwork products.
In a press release, SBP said the transaction provides expanded product offerings and geographical reach with a combined focus on serving customers at the highest level. Financial terms of the transaction were not disclosed.
Last month SPB announced an agreement to acquire Reeb Millwork, the Bethlehem, Pa.-based fabricator and supplier of interior and exterior doors.
Founded in 1955, DW Distribution is a third-generation, family-run distributor of building materials, millwork products, and door units, serving customers in Texas, Oklahoma, Louisiana, Arkansas, and New Mexico.
According to SBP, DW Distribution is positioned for continued growth in its regions, particularly on the basis of the expansion of its millwork capabilities it has completed over the past year.
"DW Distribution is a tremendous addition to SBP," said Jeff McLendon, president and CEO of Specialty Building Products. "The Potter Family and their team at DW have created an organization that is the leading specialty products distributor in its region. Trusted by loyal customers and focused on making a difference in the lives of their employees, DW Distribution aligns with our culture and direction. We are thrilled to work together as we grow our combined business."
Following SBP's recent acquisition of Reeb Millwork, this transaction deepens the company’s offering in the growing door category and represents SBP's continued efforts to invest in high-performing and complementary businesses that enable geographic and market segment expansion.
"Our business is grounded in our core principles of impressing customers, inspiring each other and improving our business and communities,” Nathan Potter, DW Distribution CEO and owner said. This partnership provides the opportunity to continue that charge while providing a strong foundation for the long-term success of our employees, customers, and vendors. We are excited to build on our legacy and are energized by the opportunity to work with Specialty Building Products as we make a positive impact on our industry."
The acquisition is expected to close in 2021, subject to the satisfaction of customary closing conditions.
Following the completion of the acquisition, DW will maintain its existing brand name, geographic locations and management team, led by President Aaron Elliott, as part of SBP.
Last December SBP sold majority ownership of the company to The Jordan Company (TJC), a New York-based middle-market private equity firm.
