SBSI acquires Buettner Brothers in Alabama

Southeast Building Supply Interests (SBSI),  has acquired Buettner  Brothers Lumber Company based in Cullman, Ala.

SBSI is a platform company of the building industry investment company, Building Industry Partners. 

Buettner is SBSI’s first location in Alabama and third acquisition of the summer including Wallace  Building Supply in Indian Mound, Tenn. and Haywood Builders Supply in Waynesville, N.C. SBSI now operates in five states. 

“I consider Alabama home, and I could not be more excited to acquire our first business in the state,” said Roger Farmer, president of SBSI. “Under John’s [McPhillips] and Jimmy’s [Barnes] leadership Buettner has been a  pillar of the Cullman community, and we look forward to continuing in that tradition.” 

Jimmy and John jointly added, “We are proud of the business, our employees, and the Cullman community. SBSI is a growth-oriented team and that means that our employees will continue to have tremendous  opportunities and that our customers will continue to have a committed local building materials dealer to serve  them.” 

Cam Sadler, Vice President at BIP, commented, “We see tremendous opportunity in North Alabama. Cullman is  a great place to live, and Buettner is well positioned to service a major economic growth corridor."  

Nick Massengill, Operating Partner at BIP and SBSI Director, noted, “We are excited to be in Alabama, and we are excited to partner with Buettner employees on this next growth phase. Our employee equity program is designed to reward the hard work that is required to grow a business. Our goal is to create shared prosperity with  all of our employees.”