Edwards Building Center and Breckenridge Building Center are the latest acquisitions by the firm. Financial terms of the transactions were not disclosed.
American Construction Source was formed prior to the acquisition of Meek’s Lumber Company in late September.
Edwards Building Center and Breckenridge Building Center provide custom home builders, building professionals, and DIY customers a full line of LBM products and services in key Colorado metro markets. Both businesses will continue serving their customers under their current local brand names.
“This acquisition is immediately accretive and adds two iconic brands to support the American Construction Source goal of creating a leading national building products distributor with the industry’s best customer experience,” said Timothy Meyer and Jordan Katz, Co-Founders and Managing Partners of Angeles Equity Partners.
“Clearlake looks forward to partnering with the Colorado management team as part of the American Construction Source platform,” said José E. Feliciano, Co-Founder and Managing Partner of Clearlake and James Pade, Principal of Clearlake. “This acquisition underscores our commitment to consolidate the building products distribution sector and promote operational best practices through our O.P.S. approach.”
Key management from Edwards Building Center and Breckenridge Building Center will remain with the business as it joins the ACS portfolio. Mike Burk continues as Regional Manager and General Manager of Edwards Building Center. Denny Rogstad continues as General Manager of Breckenridge Building Center.
“We are confident Angeles and Clearlake are the best partners to create value and enable growth through ACS to help our business achieve its full potential,” said Burk. “Our customers appreciate our attention to detail and how we deliver on our promises.”
“Edwards Building Center and Breckenridge Building Center are great LBM businesses,” said James Drexinger, CEO of ACS. “We remain committed to the ‘Getting it Right Every Day’ mentality, and we will set ambitious new goals to continuously leverage sourcing scale, drive operational excellence, and identify new ways to be the most trusted building products supplier in the local markets we serve.”