Mass. Move: Kodiak acquires Goodrich Lumber
Kodiak Building Partners has expanded in Massachusetts with the acquisition of Goodrich Lumber.
Based in Kingston, Mass., Goodrich Lumber is an LBM distributor founded in Duxbury in 1906. The dealer provides lumber and building materials to contractors, builders, and homeowners.
Since its founding over 100 years ago, Goodrich Lumber has expanded its services and facility with a 45,000-square-foot drive-through lumber yard, an 8,500-square-foot store and showroom, and a 1,700-square-foot millwork shop in Kingston.
Originally founded and long operated by the Goodrich family, Goodrich Lumber changed hands to new ownership in 1993.
In 1996, Kevin Medeiros, president of Goodrich Lumber, began working with Goodrich and purchased the business in 2012.
Goodrich Lumber continues to operate with a focus on building its local legacy of being a premier resource for high-quality products, innovative building sciences, and top-tier education and technical support for area contractors, Kodiak said.
“Goodrich has been in business since 1906 and is a valued partner in the community,” said Kevin Medeiros, president of Goodrich Lumber “Our desire to keep Goodrich locally managed and locally operated is very important to us.”
“Our concern for our customers, employees, and the legacy of Goodrich is appreciated and valued by the people at Kodiak—both companies are like-minded and understand the role we play in our community,” Mederios noted. “This was a deciding factor with the acquisition."
Medeiros and his team operate Goodrich Lumber with an approach of servicing niche customers in their local community, usually within a 20-mile radius.
The prodealer said it focuses on service, selection, quality, and value with an experienced team that takes the time to help contractors and homeowners find the right product for their project, setting them apart from other competitors in the area.
Additionally, Goodrich is known in maritime Massachusetts for its reliable inventory, unique growth philosophy, and local commitment and involvement.
“Goodrich Lumber has a legacy of local expertise and industry innovation with market-leading products and vendors and a strong focus on the customer,” said Pat Flood, executive vice president of Operations at Kodiak Building Partners. “As we looked into the future, we specifically chose Goodrich because of our long-held respect for the organization and our full confidence that the addition of Goodrich to the Kodiak Team will allow both Goodrich and Kodiak to be successful well into the future.”
Kodiak said that it will maintain Goodrich Lumber’s existing suppliers, products, management, manufacturing footprint, employees, and distribution network.
As a subsidiary of Kodiak Building Partners, Goodrich is expected to benefit from sharing best practices in distribution, manufacturing, and innovation as well as in scale and efficiency of operations.
“Kodiak’s strength and success come from dedicated local leaders and their teams who are focused on helping customers succeed in the building materials industry,” said Steve Swinney, CEO of Kodiak Building Partner. “The acquisition of Goodrich fits great with our culture and further connects our New England footprint, just like a good rug really ties the room together.”
Jian Group was the exclusive advisor to Goodrich Lumber.
The financial terms of the acquisition were not disclosed.
Based in Highland Ranch, Colo., Kodiak Building Partners was founded in 2011 to acquire family-run businesses in the building material sales and distribution industries.
Over the last 11 years, Kodiak has acquired more than 100 locations that serve general contractors, homebuilders, sub-contractors, remodelers, and consumers in 25 states.
Last month, Kodiak acquired Albeni Falls Building Supply in Idaho along with Sunrise Builders Supply with operations in Mississippi and Tennessee.
