Boyne Capital acquires Master’s Lumber & Hardware

Boyne Capital, a Florida-based private equity firm, reported that one of its affiliates has acquired acquire Master’s Lumber & Hardware (Master’s Building Products).

Based in Sunrise, Fla., Master’s is an international distributor of building materials, specializing in a variety of flooring, moldings, decking, installation products, stairs, and flooring supplies. 

According to Boyne, Masters uses eco-friendly materials in its products, offering over 100 flooring styles between interior and exterior applications, over 500 molding products that include decorative trims and transitions moldings, 25 installation products, and more than 30 outdoor products such as siding, decking, turf, and pavers. 

The company operates three distribution facilities located in Ft. Lauderdale, Tampa, and Jacksonville, Fla.

“Master's is an impressive operation that has successfully grown into a distinctive platform of proprietary branded building products,” Boyne Managing Partner and CEO Derek McDowell said. “We are excited to partner with Juan Molina and Andres Abad, Masters’ Co-Founders, and their long-tenured management team to continue to grow the company and support expansion efforts.”

Financial terms of the deal were not disclosed.