Get Our Email Newsletter

US LBM to acquire Foxworth-Galbraith

PLANO, Texas — US LBM has announced that it has reached a definitive agreement to acquire Texas-based Foxworth-Galbraith Lumber Company, a prominent building products supplier to building professionals and homeowners in the Southwest.

Upon completion of the acquisitison, US LBM will operate 80 locations in Texas, 13 in Arizona, nine in New Mexico, five in Colorado and four in Oklahoma.

Founded in 1901 by W.L. Foxworth and H.W. Galbraith, the company today operates 28 locations across Arizona, Colorado, New Mexico and Texas under the Foxworth-Galbraith banner and two locations in Oklahoma under the Forest Lumber brand. Foxworth-Galbraith ranks 11th on the 2022 LBM 100 list, with sales of $926.5 million in 2021. The company’s primary customers are professional builders, commercial contractors and homeowners, which Foxworth-Galbraith serves from its building materials yards, distribution centers, home centers and manufacturing locations, which are focused primarily on floor and roof trusses and structural beams.

LBM Resources

White Paper: M&A Heats Up for Component Manufacturers. Prepared?

Acquirers Are Rolling Up Component & Truss Manufacturers and Panelized Providers Are you prepared for this surge of interest? If you’re a component or truss manufacturer,...

“US LBM shares Foxworth-Galbraith’s principles of service, integrity and providing solutions for customers and a great place to work for our people,” said Foxworth-Galbraith President and CEO Jack Foxworth. “We’re excited for the many new opportunities this partnership will create for both our employees and customers.”

“Over the past 120 years, the Foxworth and Galbraith families and generations of associates have built one of the most widely respected and successful building materials distributors in the industry, and we are proud that they will be joining US LBM,” said US LBM President and CEO L.T. Gibson. “The addition of Foxworth-Galbraith augments our already robust network in the Southwest, expands US LBM’s reach and reinforces our strong position in several key housing markets, including the growing Dallas-Fort Worth and Phoenix metro areas.”

US LBM’s existing locations in the Southwest go to market under multiple locally recognized brand names, including R&K Building Supply, Higginbotham Brothers, Parker’s Building Supply and J.P. Hart Lumber and Components.

- Advertisement -

The transaction is expected to close later in the third quarter of 2022, subject to customary closing conditions.

Anchor Peabody served as the exclusive advisor to Foxworth-Galbraith.

Get our free newsletter

Join thousands of other lumber and building material industry leaders and keep up with the companies, people, products and issues shaping the industry.

What's New

Digital Partners

Become a digital partner ...

Sales Comp Study

Download this 55-page, in-depth study by LBM Journal of industry trends in sales force compensation and benefits. See how your organization stacks up.

Webinars

- Advertisement -

White Papers

View all ...

- Advertisement -

Partner Content

View all ...

- Advertisement -

Registration is now open for the LBM Strategies 2024 Conference