One of the industry’s biggest buyers could potentially be up for sale. Bloomberg reports that Kelso & Co., the private equity firm that holds US LBM is considering a sale of the building products distributor. Bloomberg says the company could garner $2.5 billion.
When reached by LBM Journal, a US LBM spokesperson declined to comment.
While largely a rumor at this point, Bloomberg‘s report includes the statement that “a final decision on pursuing a sale hasn’t been made and Kelso’s plans could still change.”
US LBM was founded in 2009 with 16 locations in three states, the company’s website says. Kelso & Co. acquired US LBM in 2015 from BlackEagle Partners.
Today the distributor operates more than 250 locations across the country. Most recently US LBM acquired Michigan’s Zeeland Lumber.