U.S. LBM expands its holdings
U.S. LBM Holdings, the pro dealer and distributor of specialty building materials, has acquired Arizona’s R&K Building Supplies.
Founded in 1974, R&K Building Supplies distributes lumber and a broad line of specialty products, such as windows, doors, millwork, insulation, trusses, lumber and other materials, to contractors and homeowners from its 20-acre location outside of Phoenix. R&K’s facilities include sales offices, showrooms, a lumberyard, truss plant and multiple warehouses.
R&K President Chad Coons will be retiring from the company in the coming months and his son Chip Coons, currently vice president of R&K, will continue as president.
“We congratulate Chad for his many successful years leading R&K and are excited to welcome Chip and the R&K team to U.S. LBM,” said U.S. LBM President and CEO L.T. Gibson. “R&K shares our values of operational excellence and continuous improvement, and this new partnership brings another market leader into the U.S. LBM fold, complements our recently-opened Rosen Materials location in Phoenix and expands our presence in a growing construction market in the Southwest.”
U.S. LBM was advised by Honigman Miller Schwartz and Cohn LLP.
Not counting R&K, US LBM operates 31 divisions. The company was formed in 2009 as a collection of largely autonomous lumberyards. In July of 2015, private equity firm Kelso & Company entered an agreement to purchase a majority of the equity interests in the company.
Other recent acquisitions include those of Ridout Lumber of Searcy, Ark.; and Keene Lumber of Muskegon, Mich.
Founded in 1974, R&K Building Supplies distributes lumber and a broad line of specialty products, such as windows, doors, millwork, insulation, trusses, lumber and other materials, to contractors and homeowners from its 20-acre location outside of Phoenix. R&K’s facilities include sales offices, showrooms, a lumberyard, truss plant and multiple warehouses.
R&K President Chad Coons will be retiring from the company in the coming months and his son Chip Coons, currently vice president of R&K, will continue as president.
“We congratulate Chad for his many successful years leading R&K and are excited to welcome Chip and the R&K team to U.S. LBM,” said U.S. LBM President and CEO L.T. Gibson. “R&K shares our values of operational excellence and continuous improvement, and this new partnership brings another market leader into the U.S. LBM fold, complements our recently-opened Rosen Materials location in Phoenix and expands our presence in a growing construction market in the Southwest.”
U.S. LBM was advised by Honigman Miller Schwartz and Cohn LLP.
Not counting R&K, US LBM operates 31 divisions. The company was formed in 2009 as a collection of largely autonomous lumberyards. In July of 2015, private equity firm Kelso & Company entered an agreement to purchase a majority of the equity interests in the company.
Other recent acquisitions include those of Ridout Lumber of Searcy, Ark.; and Keene Lumber of Muskegon, Mich.