Kodiak Building Partners has announced an agreement in principle under which Kodiak would purchase substantially all the operating assets of Drywall Material Sales, LLC. Dry Wall Materials Sales is a building material supplier that specializes in building products for the residential and commercial drywall contractor, operating in two locations in Colorado: Colorado Springs and Pueblo.
Paul Hylbert, Chairman of Kodiak said, “We’ve been interested in joining forces with Drywall Material Sales for many years, and look forward to supporting the growth trajectory that the Drywall Material Sales team is on and feel they will be a significant contributor to Kodiak’s future.”
“We look forward to working with the excellent Drywall Material Sales team, supporting their business and continuing to grow with them in Colorado,” added Steve Swinney, Kodiak’s CEO. “We feel we can leverage the Drywall Material Sales name and reputation and do more to serve their strong customer base. Most importantly, the Drywall Material Sales key management team including Robert Wupper, Jr, Bruce Hegemann, and Benjamin Wupper will continue with the company under the new ownership structure.”
The deal is subject to normal closing conditions and should be consummated by the end of the third quarter. Kodiak Building Partners serves general contractors, homebuilders, sub-contractors, remodelers and consumers through its 34 locations in Texas, Colorado, Michigan, Delaware, Maryland and New England.
Source: Kodiak Building Partners