Kodiak makes a deal in Minnesota
Kodiak Building Partners, acquired Simonson Lumber in Minnesota, marking a strategic partnership that enhances its ability to serve the state’s burgeoning construction market.
Simonson Lumber has six operating locations in central Minnesota.
“Great Odin’s Raven, that escalated quickly,” said Steve Swinney, CEO of Kodiak Building Partners. “Simonson Lumber’s deep-rooted presence in their community and commitment to quality resonates with Kodiak’s goal of empowering local businesses to thrive. Together, we are poised to meet the escalating demand for housing and construction solutions in Minnesota, leveraging Simonson’s expertise and Kodiak’s resources to create lasting value for our customers and communities.”
The partnership between Simonson Lumber and Kodiak opens new avenues for growth and innovation on multiple fronts, leveraging Kodiak’s network and capital expertise to fuel expansion.
“Simonson Lumber and its customers will benefit most from Kodiak’s ‘locally led’ mentality,” said Eric Borchardt, President of Simonson Lumber. “This partnership allows us to serve our customers in a way that is unique to our region, while Kodiak’s support system ensures we have everything we need to thrive in a fast-paced market.”
The acquisition is described as a move to continue the success and legacy of Simonson Lumber in the Minnesota market. By prioritizing a people-first mentality, Simonson Lumber remains committed to its core values of fostering relationships beyond transactions and navigating the industry’s evolution alongside its customers and suppliers.
