PANEL DISCUSSION: M&A in LBM Distribution
– Michael Pan, vice president, Warburg Pincus
– Bryan Tolles, vice president, BlackEagle Partners
– Hunter Morin, Founding Partner, The Jian Group
– Cameron Solberg, vice president, Deutsch Bank
– Steve Swinney, CEO, Kodiak Building Partners
Moderated by industry expert John Wagner, panelists from leading organizations discussed what drives the increase in LBM industry mergers and acquisitions, stressing that stability and competitive leadership in local markets are among traits that M&A firms value when making purchasing decisions. Panelists offered advice on timing the cycle of acquisition for those in the audience looking to sell in the next five years. Panelists addressed questions from the audience including topics such as financials, inventory, staff and other preparations leading up to a sale and ownership involvement post-acquisition.
Event Recap
Lee Roy Jordan
lumber distributor and former NFL star
Keynote
With a football career under his belt and knowledge and drive obtained from coaches Bear Bryant and Tom Landry, Lee Roy Jordan went on to purchase a Dallas lumber company. Jordan’s college and pro football career played a big role in developing the foundation of a strong and smart businessman that showed in his role with Lee Roy Jordan Lumber Company. Through colorful quotes from his favorite coaches and mentors Bear Bryant and Tom Landry, Jordan encouraged LBM dealers in the audience to work hard, motivate and inspire their teams back home.