Kodiak Building Partners acquires Waco's Gross-Yowell
Kodiak Building Partners has acquired Gross-Yowell, a market leader in the construction supply industry in Waco, Texas.
According to Kodiak, the move is a significant step in its growth strategy, leveraging the rapidly growing construction market in central Texas.
Gross-Yowell will continue its operations under its existing brand name while adding resources and market impact to Kodiak’s family of operating companies.
The financial terms of the acquisition were not disclosed.
In a press release issued by Kodiak, the building products retailer and distributor, said “remarkable growth in the construction industry in central Texas makes it a strategic hub for Kodiak’s vision to expand.”
The Englewood, Colorado-based company also said the Gross-Yowell will “strengthen its foothold in the region and enhance its ability to serve customers with an even broader range of quality lumber and building materials.”
"The acquisition of Gross-Yowell aligns with Kodiak’s strategy of becoming a big hairy American winning machine in vibrant markets with growing construction needs,” said Steve Swinney, CEO of Kodiak Building Partners. “This provides an excellent platform to build on our existing presence in central Texas. If you ain’t first, you're last.”
Kodiak noted that Gross-Yowell is known for its culture of quality and customer service, two pillars that have established the company in the market and supported sustainable growth over the company’s history.
“Teaming up with Kodiak is a testament to the growth and potential we have seen at Gross-Yowell.,” said Taylor Gross, president of Gross-Yowell. “This transaction allows us to tap into Kodiak's extensive resources and industry expertise, which will enhance our service to existing customers and enable our business to reach new customers in Waco and surrounding areas. We look forward to continued success in these markets."
Shortly after returning from WWII, W.O. Gross and Orville Yowell opened their first small lumberyard on 4th and Indiana in downtown Waco. The company has served Central Texas since 1946.
Kodiak Building Partners owns and operates 38 companies with 129 locations in over 29 states.
