US LBM acquires Florida's Deco Truss
Less than 24 hours removed from announcing it had completed its blockbuster acquisition of Texas prodealer Foxworth-Gabraith, US LBM bolstered its truss capabilities in the Southeast.
The building materials distributor reported that it has acquired Deco Truss, primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
Founded in 1983, Deco Truss serves framing and building contractors for residential, multi-family and commercial projects.
In addition to manufacturing all types of truss systems, Deco Truss also provides lumber, decking and roofing materials, rebar, millwork and doors, fencing supplies, tools, hardware and more to customers.
"US LBM is the best partner for Deco Truss to continue to grow and provide more value for customers and employees alike," said Mario Espiñeira, Jr., who will continue to lead Deco Truss’s day-to-day operations.
Deco Truss operates an 8.5-acre manufacturing plant and retail location in Miami and will operate as a unit of US LBM’s Raymond Building Supply with locations across South Florida, including a truss manufacturing plant in North Fort Myers
|
"Deco Truss has a strong team and is dedicated to manufacturing high-quality products," said US LBM President and CEO L.T. Gibson. "They are an excellent, complementary addition to our existing operations in Florida and further expand our manufacturing capabilities to supply builders in multiple growing communities across Miami-Dade, Broward and Palm Beach counties." Deco Truss is US LBM’s fourth acquisition of the year, including Foxworth-Galbraith. The financial terms of this acquisition were not disclosed. Skyway Capital Markets acted as financial advisor to Deco Truss. Based in Buffalo Grove, Ill., US LBM operates more than 400 locations nationwide. |
