Homewood Holdings expands in Phoenix market
Homewood Holdings LLC (Homewood), the pro dealer and portfolio company of Building Industry Partners LLC (BIP), has acquired the assets of The Door Mill Inc. (TDM) and Valley View Window and Door from owners Kelly Slade and Joel Lacy.
Slade and Lacy have been with TDM for 35 years and 25 years, respectively, and have owned the Company since 2003.
Founded in 1984, TDM is a distributors of residential interior and exterior doors, molding, trim, hardware, and windows, serving local and regional builders of single-family and multi-family residential projects throughout the greater Phoenix, Ariz. market.
Homewood said that TDM differentiates itself from competitors by providing top quality product offerings, delivery, and a longstanding reputation of outstanding customer service. In addition, TDM’s Valley View Window and Door segment provides fully-licensed installation services to provide a turnkey service offering to its customers. The Company employs over 25 people, many with long tenure at TDM.
TDM joins the Homewood Holdings family of businesses as its fifth overall investment and first business in the Phoenix market. Homewood Holdings also owns LBM dealers and installation service providers in Northern California and the Pacific Northwest, including Homewood Building Supply in greater Sacramento, Calif. and Evergreen Lumber and Eagle Creek Siding, both in greater Seattle, Wash.
Terms of this deal were not disclosed.
Homewood said the transaction allows Slade and Lacy to bring on a strategic partner to continue the company’s success and growth in Maricopa County and beyond. Kelly and Joel will remain as president and vice president of TDM post-transaction and will both retain a financial stake in the business.
“We are very excited to welcome The Door Mill and Valley View Window and Door into the Homewood family of businesses,” said Jim Stockman, Homewood Holdings CEO. “Kelly and Joel have built TDM into a premier provider of doors and windows in the Phoenix market, and we look forward to continuing to work with them to continuously improve the business’ value proposition in serving Arizona homebuilders.”
Zach Coopersmith, managing partner of BIP, commented, “Phoenix is a market we identified as attractive for a number of reasons, and we are thrilled to partner with such a strong, successful, highly reputable door and window dealer and installer in this market. It’s clear to us why so many of their employees have worked for TDM for so long.”
Slade added, “We believe that Homewood and Building Industry Partners can help us accelerate our growth and ability to provide the best possible products and services to our customers. Joel and I think this transaction provides great career opportunities for TDM’s employees, while maintaining the culture that makes this place so special.”
Slade and Lacy have been with TDM for 35 years and 25 years, respectively, and have owned the Company since 2003.
Founded in 1984, TDM is a distributors of residential interior and exterior doors, molding, trim, hardware, and windows, serving local and regional builders of single-family and multi-family residential projects throughout the greater Phoenix, Ariz. market.
Homewood said that TDM differentiates itself from competitors by providing top quality product offerings, delivery, and a longstanding reputation of outstanding customer service. In addition, TDM’s Valley View Window and Door segment provides fully-licensed installation services to provide a turnkey service offering to its customers. The Company employs over 25 people, many with long tenure at TDM.
TDM joins the Homewood Holdings family of businesses as its fifth overall investment and first business in the Phoenix market. Homewood Holdings also owns LBM dealers and installation service providers in Northern California and the Pacific Northwest, including Homewood Building Supply in greater Sacramento, Calif. and Evergreen Lumber and Eagle Creek Siding, both in greater Seattle, Wash.Terms of this deal were not disclosed.
Homewood said the transaction allows Slade and Lacy to bring on a strategic partner to continue the company’s success and growth in Maricopa County and beyond. Kelly and Joel will remain as president and vice president of TDM post-transaction and will both retain a financial stake in the business.
“We are very excited to welcome The Door Mill and Valley View Window and Door into the Homewood family of businesses,” said Jim Stockman, Homewood Holdings CEO. “Kelly and Joel have built TDM into a premier provider of doors and windows in the Phoenix market, and we look forward to continuing to work with them to continuously improve the business’ value proposition in serving Arizona homebuilders.”
Zach Coopersmith, managing partner of BIP, commented, “Phoenix is a market we identified as attractive for a number of reasons, and we are thrilled to partner with such a strong, successful, highly reputable door and window dealer and installer in this market. It’s clear to us why so many of their employees have worked for TDM for so long.”
Slade added, “We believe that Homewood and Building Industry Partners can help us accelerate our growth and ability to provide the best possible products and services to our customers. Joel and I think this transaction provides great career opportunities for TDM’s employees, while maintaining the culture that makes this place so special.”