US LBM acquires Ridgefield Supply Company
US LBM announced that it has acquired Ridgefield Supply Company.
Based in Ridgefield, Conn. and founded in 1883, Ridgefield Supply operates a state-of-the-art 89,000-square-foot facility, which is comprised of a lumberyard, warehouses, a hardware and paint store, window and millwork showrooms and an employee-training center.
In recent years Ridgefield underwent a massive renovation project that included new structures, storage, and expanded yard capabilities.
Serving customers in Fairfield County in Connecticut and Westchester County in New York, Ridgefield Supply's expansive product mix includes lumber, paint, windows, doors, millwork, decking and interior and exterior trim.
Glen Albee will continue to lead Ridgefield Supply's day-to-day operations as president.
"US LBM has a reputation for excellence with a culture that puts people and customers first, and we're excited for Ridgefield Supply's next chapter," said Albee. "With US LBM, our customers will be able to continue to rely on the same team they know and trust while having access to a wider range of specialty products and brands."
In addition to Ridgefield Supply, US LBM's operating divisions in the New York Tri-state area include East Haven Builders Supply, Feldman Lumber, Direct Cabinet Sales and Universal Supply.
"Ridgefield Supply has a long history of success, and they're a great fit for US LBM," said US LBM President and CEO L.T. Gibson. "The New York-New Jersey-Connecticut Tri-state region is a growing market and adding a dealer and team of Ridgefield Supply's caliber strengthens and enhances our position in the nation's largest market."
Anchor Peabody served as the exclusive financial advisor to Ridgefield Supply. Terms of the deal were not disclosed.
Based in Buffalo Grove, Ill., US LBM operates more than 250 locations across the country.
Last month, US LBM signed a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM had sales of $3.5 billion in 2019.
Just days prior to the move with Bain Capital, US LBM acquired Zeeland Lumber.