US LBM acquires Crown Components

US LBM announced that it  has acquired Crown Components, a manufacturer and supplier of structural roof and floor trusses in the metropolitan Phoenix area.

Founded in 2014, Crown Components serves framing and building contractors for residential, multi-family and light commercial projects. Crown manufactures all types of pre-assembled roof and floor wood trusses in a variety of shapes and systems, and provides full turn-key manufacturing services including materials takeoffs, truss design, and jobsite delivery.

The company operates a nine-acre facility in Tolleson, Ariz. that services the Phoenix-Mesa-Scottsdale market.

“We are excited to partner with US LBM, one of the top companies in the building materials industry, to further our growth and offer even more value to our customers and employees,” said Crown Components Co-President and General Manager Jeff Oitzman.

Oitzman, along with Bob Barrette, will continue to lead day-to-day operations at Crown.

“The Crown Components team has a great culture of hard-working and dedicated associates and is well known for its top-quality production and service,” said US LBM President and CEO L.T. Gibson. “We are excited to partner with Crown Components, which complements our other operations in the region, to expand in the growing Phoenix Metro market.”

Other US LBM divisions in Arizona include R&K Building Materials and Rosen Materials.

Coil Partners acted as financial advisor to Crown Components. The financial terms of the acquisition were not disclosed.

Based in Buffalo Grove, Ill., US LBM operates more than 400 locations nationwide.