US LBM acquiring Jennings Builders Supply & Hardware
Jennings operates four locations in western North Carolina.
Just two days before Christmas, US LBM announced that it has put another present under the tree.
The building materials distribution powerhouse reported that it has reached an agreement to acquire Jennings Builders Supply & Hardware, a building products dealer with four locations in western North Carolina.
The transaction is planned to close by the end of the year. The financial terms of the acquisition were not disclosed.
Founded in 1984, Jennings Builders Supply & Hardware stocks a full range of building materials, providing its customers with a one-stop-shop solution for custom home building and remodeling projects.
In addition to supplying building professionals with windows, decking, flooring, cabinetry, siding, lumber, and engineered wood products, Jennings also provides customers with added-value services, including design, installation, and custom woodwork and interior doors.
"Partnering with US LBM positions our brand for growth and presents a great opportunity for our associates," said Glenn Hoy, who will continue to lead Jennings Builders Supply's day-to-day operations as president and general manager.
Along with Jennings Builders Supply & Hardware, US LBM's operations in the Carolinas include GBS Builders Supply, Maner Builders Supply, Myrtle Beach Building Supply and Parker's Building Supply.
"Jennings Builders Supply & Hardware is a strong operator with an expert team located in a growing residential housing market in western North Carolina," said US LBM President and CEO L.T. Gibson. "We're excited to welcome Jennings to US LBM and add them to our successful and established network in the Carolinas."
Just a week ago US LBM reported that it had acquired Tri-County Building Supplies, a building materials distributor in southern New Jersey. Other big acquisitions in recent months from US LBM include include Ridgefield Supply Co. in Connecticut, and Zeeland Lumber in Michigan.
In the meantime, the company has been ramping up its Universal Supply locations, with a focus on roofing and siding.
Based in Buffalo Grove, Ill., US LBM operates more than 250 locations.
