L&W Supply reported that it has acquired the assets of DAICO Supply, with locations Carrollton and Ft. Worth, Texas.
By acquiring DAICO, L&W Supply will increase its team of associates and strengthen its presence in the Dallas-Ft. Worth market. These additions bring the number of locations servicing the greater market to 5 and total number of L&W Supply locations in Texas to 16.
Founded in 1986, DAICO has grown to service residential and commercial markets with products including wallboard, steel framing, insulation and related products. Current DAICO associates will continue to work at the locations, ensuring customers receive seamless access to the products and expertise they need to run their businesses.
“We are excited to welcome the DAICO Supply associates to the L&W Supply family. Their commitment to customers over the past 35 years has made them a leader in the market,” said Charles Collins, vice president of L&W Supply’s Central Region. “This acquisition allows L&W Supply to enhance our service in DFW communities while building deeper relationships with contractors and builders in the area.”
Terms of the deal were not disclosed.
This move follows L&W Supply’s acquisition of the standalone Eastern U.S. Gypsum Distribution Operations from Builders FirstSource. The Eastern Gypsum Operations consist of 21 facilities located throughout the Northeast and Southeast U.S. which generated sales of approximately $160 million for Builders FirstSource in 2020.
Based in Chicago, L&W Supply operates about 200 locations in 39 states.