143 Acquisition Transactions in Construction Supply So Far in 2024
Originally Published by: Webb Analytics — November 13, 2024
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LBM facilities acquired (blue pins), had greenfield openings (green) or closed (red) YTD 2024. SRS locations acquired by The Home Depot are black dots. Not shown: Five acquisitions and one store opening in Hawaii. Source: Webb Analytics
Webb Analytics counts 143 acquisition transactions in construction supply so far this year, just one deal short of what we saw in all of 2023. Sixty-nine buyers have done this year's acquisitions, taking over 1,093 facilities.
The Home Depot's takeover of SRS Distribution's 779 branches dominates this year's list, while the other 142 deals involved 324 facilities. There also have been 203 locations that have opened or were slated to open this year, and 41 store closures.
The biggest deal since mid-October saw Carter Lumber, which hasn't been active in the M&A market for quite a while. buy Townsend Building Supply, a six-store operation serving South Alabama and the Florida Panhandle. In other recent action:
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Kansas-based Star Lumber purchased Apex Lumber of Edmond and Tulsa, OK.
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Beacon Building Products' Dealers Choice subsidiary bought Fairway Wholesale Distribution of South Hadley, MA.
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Nation's Best Holdings added Burns Hardware of Clovis, NM.
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Zuern Building Products took over Wood Specialties Inc. of Menomonee Falls, WI.
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R.P. Lumber bought Perryville, MO-based Guyot Lumber.
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Decks & Docks expanded to Houston by acquiring Bayou City Lumber.
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Aubuchon Hardware bought Anco Ace Hardware of Villas, NJ.
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Ring's End Lumber took in A&M Paint and Wallpaper of Portsmouth, NH, and will make it part of its Johnson Paint division.
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Hartville Hardware acquired Coshocton (OH) Lumber.
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Arizona-based United Southwest Components opened a truss plant in Alvorado, TX.
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McCoy's Building Supply closed stores in Kingville and Orange, TX. Other closures were at Moscow & Pullman Building Supply in Pullman, WA, and Fulton Lumber and Coal in Wauseon, OH.