US LBM adds NexGen
Less than a week after announcing a major Texas-based expansion, US LBM signed up a handful of lumberyard and building products companies in Minnesota and the Dakotas.
With the acquisition of NexGen, US LBM gains a variety of entities, including Minnesota Building Pro's, Webster Home Center, Britton Home Center, Truss Pro's, and Precision Wall Systems.
"We are thrilled to add these great businesses to the US LBM family," said L.T. Gibson, president and CEO of US LBM. "By extending our products and services into the Upper Midwest, we can strategically serve the industry in that growing market. We are eager to partner with their associates and look forward to future opportunities together in the region."
The move brings the footprint of the fast growing holding company to 204 locations in 26 states.
Truss Pro's is described as a regional leader in the supply of roof and floor trusses and related products. It has locations in Britton, South Dakota; and Rogers and Pipestone, Minnesota.
Precision Wall Systems operates out of Britton, and Rogers.
"We are excited to join the US LBM team," said Luke Kraft, president of NexGen. "This partnership enables us to further invest in operations and enhanced customer service. Our employees, customers and vendor partners will enjoy the myriad of opportunities for growth that US LBM can provide."
Kraft will remain on board as president, with all former owners on the executive team, also, according to the announcement.