Carter Lumber has acquired Townsend Building Supply
Carter Lumber has acquired Townsend Building Supply, a building materials dealer with six locations in southern Alabama and the Florida Panhandle. According to the company, this acquisition continues Carter Lumber’s plans for growth in the South and will streamline further expansion in these two states.
The acquisition will also enhance Townsend Building Supply’s capabilities through greater access to capital, increased purchasing power and key industry relationships, per Carter Lumber. Townsend Building Supply will become part of the Carter Lumber Family of Companies and will continue to operate under its distinct brand.
“Florida and Alabama have been in our sights for years as part of our strategic southern expansion. With Townsend’s established presence and solid reputation, we’re able to hit the ground running in both states,” said Jeff Donley, president/COO of Carter Lumber. “Both companies share a rich history of core family values and a commitment to delivering exceptional customer service. We look forward to demonstrating to Townsend’s customers and employees why we believe Carter Lumber is the best company in this industry.”
“We’re excited for this next phase of Townsend. Our top priority was finding the right partner for our customers and employees, and Carter Lumber is the perfect fit,” said Turner Townsend, CEO of Townsend Building Supply. “We've worked tirelessly to expand our capabilities and provide an unbeatable work environment for our team. This acquisition will accelerate the progress we’ve made and drive further success.”
"From our first conversation, both Turner and Michael Townsend made it clear that taking care of their employees was what mattered most to them, and they would not consider partnering with anyone who did not share those same values," said Adam Lombard, senior vice president for Carter Lumber.
With the acquisition finalized, Carter Lumber and Townsend Building Supply say they will work together to integrate systems and operations seamlessly to help ensure that customers experience no disruption in service. Over the next 12 months, Carter Lumber plans to invest heavily in Townsend’s current locations to expand capabilities and services for customers across southeastern Alabama and the Florida Panhandle. Donley continued: "We are excited to prove ourselves in these new markets as we have many times in our company's history. I am certain our employees and customers will feel that commitment immediately."
