Specialty Building Products acquiring Amerhart
Specialty Building Products, LLC (SBP) has signed a definitive agreement to acquire Amerhart, a leading regional distributor of specialty building materials.
Founded in 1940, Amerhart is a third-generation, family-run distributor of building materials serving customers from 10 locations in Wisconsin, Illinois, Kansas, Michigan, Minnesota, and Missouri.
According to SBP, the transaction deepens its product offering, broadens its geographical footprint, and is a continuation of its strategy to invest in high-performing and complementary businesses that enable geographic and market segment expansion.
"Over multiple generations, Amerhart has provided their customers with the highest levels of service, enabling their growth to become a market-leader and one of North America's finest specialty distribution businesses," said Jeff McLendon, president and CEO of Specialty Building Products. "There is tremendous alignment between our companies, starting with our shared values. We are delighted to add Amerhart to the SBP family of brands."
The acquisition is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions. Financial terms of the transaction were not disclosed.
Following the completion of the acquisition, Amerhart will maintain its current brand name, geographic locations, management team, and team members, led by CEO Mark Kasper and President/COO Chad Warpinski, as part of SBP.
"Amerhart maintains a strong market position and has a history of growth," Kasper said. "As part of SBP, we will gain access to new products and services, allowing us to provide our customers with a broader portfolio of materials, regardless of the location of their facility. We look forward to partnering with SBP and continuing to deliver quality products and services to our customers."
Based in Duluth, Ga., Specialty Building Products’ operating brands include U.S. Lumber, Alexandria Moulding, DW Distribution, Millwork Sales, and Reeb.
Amerhart serves the building industry throughout the Midwest with operations in Wisconsin (Green Bay, Sheboygan Falls, Sun Prairie, West Salem), Minnesota (Marshall), Illinois (Pekin), Kansas (Kansas City), Missouri (St. Louis), and Michigan (Jackson, Traverse City). The company employs 315 team members.