1stWest M&A closes six LBM deals in 15 months

Evergreen, Colo. — 1stWest Mergers and Acquisitions has completed six deals in the lumber and building material (LBM) sector in the last 15 months.  Working mostly as a “sell-side” broker, the recently completed deals include the sale of Washington Supply (to TSG), the sale of Ron’s Lumber (to Nation’s Best), the sale of Wallace Building Supply (to Building Industry Partner’s subsidiary SBSI), the sale of Miller Lumber (to Kodiak BP), the sale of a California LBM dealer, announcement pending (to Building Industry Partners), and — working as the buyer’s advisor — the acquisition of Increte (by New South Construction Supply). Additionally, 1stWest M&A has multiple LBM deals with pending letters of intent, and the firm says it is confident that 2022 will exceed its 2021 performance in deal volume and transaction values obtained for its clients.

“One of our top-performing sectors over the last year or so has been the LBM market, and we continue to see a strong volume of both buy-side and sell-side inquiries,” said Ted Rieple, managing partner of 1stWest M&A. “Looking forward, we expect 2022 to be another record year.”

“Interest remains high from private equity groups and strategic acquirers which continue to roll-up independently owned lumber and building material dealers in various nation-wide consolidations,” said John D. Wagner, managing director of the LBM sector for 1stWest M&A, and an LBM Journal columnist. “Even with inflationary pressures, we continue to see strong values and acquisition interest for top-performing companies.”

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