U.S. LBM expands in South Carolina
U.S. LBM Holdings, one of the nation's largest pro dealers, has acquired Myrtle Beach Building Supply with two locations in Murrells Inlet and Little River, S.C.
Following the acquisition, U.S. LBM now operates 8 locations in North and South Carolina.
Founded in 2002, Myrtle Beach Building Supply distributes a wide range of products to custom home builders and professional remodelers, including roofing, siding, windows, doors, hardware, fasteners and trusses. Founders Bobby Smith and Joe Jenkins will both remain with the company, with Smith continuing to serve as president.
“Myrtle Beach Building Supply has built a reputation for providing superior service to its customers over the past 16 years, and we are pleased to welcome the entire team to the growing U.S. LBM network,” said U.S. LBM President and CEO L.T. Gibson. “We believe this new partnership further improves our competitive position in the expanding Southeast construction market and complements our strategy of adding local market leaders with long-standing customer relationships to our portfolio.”
According to a recent S-1 filing with the Securities and Exchange Commission, U.S. LBM grew sales more than 16% in 2017 to $3.09 billion from net sales of $2.66 billion in 2016. Prior to this latest acquisition U.S. LBM operated 237 locations in 27 states.
Following the acquisition, U.S. LBM now operates 8 locations in North and South Carolina.
Founded in 2002, Myrtle Beach Building Supply distributes a wide range of products to custom home builders and professional remodelers, including roofing, siding, windows, doors, hardware, fasteners and trusses. Founders Bobby Smith and Joe Jenkins will both remain with the company, with Smith continuing to serve as president.
“Myrtle Beach Building Supply has built a reputation for providing superior service to its customers over the past 16 years, and we are pleased to welcome the entire team to the growing U.S. LBM network,” said U.S. LBM President and CEO L.T. Gibson. “We believe this new partnership further improves our competitive position in the expanding Southeast construction market and complements our strategy of adding local market leaders with long-standing customer relationships to our portfolio.”
According to a recent S-1 filing with the Securities and Exchange Commission, U.S. LBM grew sales more than 16% in 2017 to $3.09 billion from net sales of $2.66 billion in 2016. Prior to this latest acquisition U.S. LBM operated 237 locations in 27 states.