Kodiak Acquires New River Building Supply & Lumber Company

Kodiak Building Partners, a leading building materials distribution company, announced the acquisition of New River Building Supply & Lumber Company, a well-respected provider of high-quality building materials, serving North Carolina since 1973. This strategic acquisition strengthens Kodiak’s presence in the developing Southeast market while preserving New River’s long-standing tradition of exceptional service and expertise in the region’s High Country, including Boone and Banner Elk. 

Following the acquisition, New River Building Supply & Lumber Company will maintain its commitment to building strong customer relationships with backing from Kodiak’s resources, expertise, and national network that will support strategic growth to meet the increasing demand for building materials in the region. This acquisition marks another step forward in Kodiak’s expansion efforts, reinforcing its dedication to empowering local businesses and enhancing customer experience in key markets. 

“Kodiak and New River share a commitment to continuous improvement, striving each day to enhance our operations and strengthen support for our customers and communities. Our opportunities for growth with New River and in the Southeast are not done,” said Steve Swinney, CEO of Kodiak Building Partners. “Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? This partnership is another step toward our goals —and fuels our commitment to be better tomorrow than we were today.”

“Partnering with Kodiak makes us a stronger company with access to a wide network of industry knowledge, and additional resources to serve our customers and meet the growing demand for quality building materials in our communities,” said Perry Yates, President of New River Building Supply & Lumber Company. “This partnership will ensure our legacy in these North Carolina communities can continue for generations to come.” 

For over 50 years, New River Building Supply & Lumber Company has been the trusted source for professional builders, contractors, and do-it-yourself homeowners, offering a full range of materials for construction and remodeling projects. In addition to a comprehensive selection of top-tier building materials, New River features a dedicated timber & log division, assisting customers in planning and constructing the log homes of their dreams. 

BDO Capital Advisors, LLC acted as the financial advisor, and McGuire Wood & Bissette provided legal counsel for New River Building Supply throughout the transaction.