LMC launches new modular division
LMC has announced the official closing of its deal to integrate the Manufactured Housing Buyers Group (MHBG). This closing marks the official launch of LMC's new Modular Division, which the organization says is a significant step in enhancing LMC's market presence and service capabilities.
The new Modular Division will be led by Jay Wilson, former chief negotiator of MHBG, who now joins LMC as the vice president of the Modular Division.
Paul Ryan, LMC president and CEO, stated: “This is a transformative moment for both LMC and MHBG. The official launch of our Modular Division signifies our dedication to diversifying our market segments and improving our collective purchasing power. We are excited to welcome Jay Wilson and the entire MHBG team to LMC, as we work together to drive growth and innovation.”
Wilson commented: “I am honored to join LMC and lead the Modular Division. Our members, known for their independent entrepreneurial spirit, will greatly benefit from the expanded resources and opportunities that LMC provides. Together, we will create a competitive environment that allows our members to thrive.”
David Jessup, chairman of MHBG and owner of Jessup Housing, remarked, “This partnership is a pivotal moment for MHBG members. With LMC’s extensive network and resources, we can enhance our purchasing capabilities, access premium suppliers, and implement innovative procurement strategies. We are excited about the opportunities this collaboration brings.”
Jessup will also become a member of LMC's board of directors. According to LMC, the integration of MHBG represents a united effort to navigate evolving market dynamics, mitigate supply chain risks and capitalize on emerging opportunities. The partnership is also aimed at empowering its members with enhanced procurement solutions, driving cost efficiencies and fostering sustainable growth through diversification.
