GREER, S.C. — Cameron Ashley Building Products, Inc., a portfolio company of Los Angeles-based private investment firm Pacific Avenue Capital Partners, LLC, has acquired Martin Distributors, an Alexandria, Louisiana-based distributor of building products including commodity and treated lumber, engineered wood, roofing, gypsum and insulation. Martin Distributors operates out of locations in Alexandria and Lafayette, Louisiana, and serves more than 200 customers throughout the state.
This deal follows the acquisition of J&R Products earlier this year.
“We are excited to add the Louisiana locations of Martin Distributors to our network and to continually provide the best products and service for our customers,” said Donny DeMarie, president and CEO of Cameron Ashley. “The acquisition further strengthens Cameron Ashley’s position in the Southeastern United States while providing us entry into the Louisiana market. We look forward to leveraging this expanded footprint and to serving our customers and deepening our supplier relationships. We remain committed to expanding Cameron Ashley to better serve our customers through additional acquisitions, greenfield locations, and through organic growth.”
Under Pacific Avenue’s ownership, Cameron Ashley has now completed three add-on acquisitions and grown its network to over 5,000 customers serviced from 42 stocking distribution centers with a total storage footprint of over 4.2 million square feet. The warehouse footprint is supported by a fleet of over 125 tractors and 200 trailers that make in excess of 240,000 deliveries every year.
“The acquisition of Martin Distributors continues our strong commitment to grow Cameron Ashley through add-on acquisitions, and will allow us to best serve our customers and expand our geographic footprint.” said Chris Sznewajs, founder and managing partner of Pacific Avenue. “We are excited to have the Martin Distributors team join the Cameron Ashely family while ensuring continuity for Martin customers. Additionally, we are excited about the expanded product offering we will be able to bring to the Louisiana market. The addition of lumber and engineered wood products further bolsters our position as a leading nationwide distributor of quality building products. We will continue to pursue additional acquisitions that expand both our geographic footprint and product category offerings.”
Martin Distributors will be rebranded and operate as Cameron Ashley Building Products. The retail locations of Martin Building Materials in Pineville, Louisiana, and Howard Lumber & Supply in Minden, Louisiana were not part of the acquisition and will continue to operate under separate ownership from the Cameron Ashley Louisiana locations.