The Hyannis, Mass.-based dealer operates three locations on Cape Cod and Nantucket.
Kodiak Building Partners has reached an agreement to acquire Shepley Wood Products.
The move is effective Dec. 10, according to an announcement from Kodiak and Shepley President and Owner, Tony Shepley. The financial terms of the deal were not disclosed.
Founded in 1978, Shepley Wood Products serves the needs of professional builders, architects, designers, and homeowners in southeastern Massachusetts. Tony Shepley, who founded the company with a partner over 40 years ago, will remain as president of Shepley Wood Products.
The company will join the Retail Lumber and Gypsum Group of Kodiak and will report to Pat Flood, executive vice president
Based in Hyannis, Mass., Shepley set itself apart from six competing regional lumberyards since its founding by calling itself a “wood products company”, rather than a “lumberyard.” Today, Shepley remains the lone pro dealer in the region among those seven yards.
“Tony and his entire team are top-notch and set very high standards in every facet of their organization,” said Steve Swinney, president and CEO of Kodiak. “As we came to know his strategies and standards, we knew that we wanted to bring Shepley Wood Products under our umbrella.”
According to Kodiak, Shepley Wood Products has differentiated itself in the market by offering an immense product suite, utilizing technology to the fullest, and cultivating an educated workforce that answers every customer need. Further, employees are trained to anticipate their customers’ upcoming needs before they are even realized.
Shepley Wood Products has more than 150 employees and operates three locations on Cape Cod and Nantucket. Along with building materials and custom millwork, they also provide many ancillary services and boast a state-of-the-art showroom.
Matt Lascola, vice president of corporate development and real estate of Kodiak, added that if he were going to create a building material company from scratch, it would look very much like Shepley. He is looking forward to adding this prestigious company to Kodiak’s existing presence in the upper Northeast.
In a press release issued by both companies, Tony Shepley said he recognized "Kodiak’s sensitivity to local markets and local decision-making," which drives solid results for customers and employees alike.
“We considered many options while looking for a business partner, and Kodiak really showed themselves to be the obvious choice to maintain and grow the relationships we have created with our customers, our employees, and our community,” Shepley said.
Kellick and Associates served as the exclusive advisor to Shepley Wood Products.
Kodiak Building Partners operates 92 locations in 20 states, serving serves general contractors, home builders, subcontractors, remodelers, and consumers.