US LBM to Acquire JP Hart Lumber and Hart Components of Texas

SAN ANTONIO, June 3, 2021 / PRNewswire / – US LBM, a leading distributor of building materials specializing in United States, has entered into a definitive agreement to acquire JP Hart Lumber and Hart Components, a distributor and manufacturer of construction products with eight operating sites across Texas. Upon completion of the acquisition, US LBM will operate 65 sites in Texas.

Founded in 1939 by JP (Jimmie) Hart and headquartered at San Antonio, Hart’s operations serve the major markets of Texas with five building material yards and a window distribution facility across Austin, Houston, Dallas-Ft. Value and San Antonio. Hart Components operates two roof truss and wall panel manufacturing plants in Austin and San Antonio.

“Join US LBM in our 82sd the anniversary year will allow us to continue to grow, to provide new solutions to our valued customers and opportunities for our dedicated employees, ”said WB (Speedy) Hart and Greg wright, both of whom will remain with Hart, with Wright continuing to lead day-to-day operations after the acquisition closes.

“The Hart team is widely respected and known for its excellence and innovation by professional builders across Texas“said the President and CEO of LBM in the United States LT Gibson. In May, US LBM added 38 locations in Texas through the acquisition of Higginbotham Brothers. “When this acquisition is finalized, US LBM will have an extensive network across Texas, with a strong presence in all major housing markets, including Austin, Houston, Dallas-Ft. Value and San Antonio. “

The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions. In May, US LBM announced an agreement to acquire American Construction Source, a national building materials distribution platform, which is also expected to be finalized in the third quarter of 2021.

JIAN Group, LLC acted as financial advisor to Hart, with Norton Rose Fulbright and WyrickRobbins as legal counsel to the company.

US LBM is one of the leading distributors of building materials specializing in United States. Offering a comprehensive portfolio of specialty products including windows, doors, millwork, wall panels, roofing, siding, engineering components and cabinetry, US LBM combines the scale and operational advantages of a platform. national form with a local marketing strategy through its network of branches across the country. For more information, please visit www.uslbm.com.

Contact:
Timothy wirth
LBM communications in the United States
484-886-5705
[email protected]

SOURCE US LBM

Related links

http://www.uslbm.com


Source link

Richard V. Johnson