Ganahl Lumber Company, a 2021 LBM Journal Dealer of the Year, has acquired the assets and real estate of Northridge Lumber in an all-cash deal set to close in the next 60 days. Northridge Lumber’s single location, pro-oriented yard will be Ganahl’s first physical location in the San Fernando Valley.
“We have been shipping millions of feet of lumber and other building materials to our customers in the San Fernando Valley for over a decade using our other locations, and providing our customers a convenient location to pick up materials has been something we have been working towards for a long time,” said Brad Satterfield, Ganahl COO.
Tom Barclay, Ganahl CSO added, “We are excited to provide current Northridge Lumber customers access to the existing Ganahl network of 10 locations across Southern California as well as providing existing Ganahl customers an additional location in the San Fernando Valley. We continue to add conveniently located facilities to help our customers quickly pick up the items they need and get back on the job.”
“I am truly excited to welcome the current Northridge Lumber employees to the Ganahl family of employee-owners,” said Ganahl Lumber CFO Dan Delaney.
In 1976, Ganahl Lumber began an Employee Stock Ownership Plan (ESOP) which allowed the employees to become owners. Today, all of Ganahl employees either are, or will become, part owners of Ganahl Lumber through the ESOP. From mill workers, salespeople, and lumber handlers, to truck drivers, cashiers, and credit staff, each person is a part of the company’s ownership, operation and success. Ganahl Lumber ranks 14th on the 2022 LBM 100 list of top dealers.
“We currently have over 150 employees that have been with the Company for at least 20 years which speaks to the success of our guiding principles. Ganahl Lumber Company has been family owned since the day it began passing from generation to generation in the Ganahl family. We are now in the process of transitioning from our fourth to fifth generation of ownership, a milestone that very few companies make,” Delaney added.
Ganahl Lumber has been in the Southern California market since 1884 will soon operate 11 yards, including Northridge. The company has built new or completely re-built nine of the facilities with a tenth one scheduled to open in San Juan Capistrano in 2023.
“Our next step is to design and build a modern, efficient, and service-oriented facility that will provide the many customers in the San Fernando Valley a location to quickly pick up their materials,” CEO Peter Ganahl said. “We have always been a local Southern California company and there is plenty more opportunity ahead so we intend to stay right here. This acquisition provides another location in our Southern California market to make our products and services easily accessible to our customers. We believe the local LA-based contractors will be better served by a company that is locally owned by a family and its employee/owners who live and work right here.”
