West Coast Lumber acquires Stone Truss
West Coast Lumber (WCL), the California-based lumber and building materials supplier, has acquired Stone Truss.
Located in San Diego, Stone Truss is a 30-year-old designer and manufacturer of roof and floor truss systems.
The financial terms of the acquisition were not disclosed.
WCL’s move marks its entry into the structural component manufacturing category and is an evolution of its product offering.
Launched by Boston-based private equity firm Building Industry Partners in 2022, West Coast Lumber operates locations in Agoura Hills, Bakersfield, Camarillo and San Diego, California.
Last week, WCL announced that Jason Walsh had joined the company as vice president of component manufacturing.
“Between the acquisition of Stone Truss and Jason joining our team, we are making significant strides with our expansion strategy,” said Joe Lawrence, CEO of WCL. “These advances ensure that we can deliver a wider range of solutions to meet our customers’ evolving needs.”
Founded in 1986, Stone Truss specializes in the custom design, cutting, and manufacturing of wood roof trusses and floor trusses for residential and commercial construction along with other applications.
Stone Truss will continue to operate from its North San Diego County manufacturing facility and has near-term plans to increase its production capacity, WCL said.
Additionally, Stone Truss owners Richard Thomas and Charlie Signorino will remain with the company, offering continuity for customers and employees. The California prodealer also noted that Stone Truss employees will have the opportunity to benefit from WCL’s people-focused practices, including its employee equity plan.
“We are proud to have the highly skilled and talented Stone Truss team join the growing WCL family,” said Maged Diab, director at BIP. “For three decades, Stone Truss has built a reputation as a forward thinking, customer-centric company that takes care of its people. Their commitment to service, innovation, and their employees are fully aligned with WCL. We plan to grow the Stone Truss business meaningfully over time and will be looking for great additional talent to join us.”
WCL is actively seeking opportunities to invest in component manufacturing companies and partner with business leaders in the category along the West Coast, Arizona, and Nevada.
“We are excited to join WCL and to be part of Stone Truss’ next phase,” said Thomas. “We believe that this deal provides new opportunities for our team members and expanded services for our customers.”
“Richard and I, as well as our dedicated and experienced staff, look forward to working with Joe, Jason and the entire WCL team,” said Signorino. “We are eager to hit the ground running and build upon our strong culture of providing our customers with the best products, services, and solutions.”
K&L Gates served as legal advisor to West Coast Lumber.
