Homewood Holdings, LLC, a portfolio company of private equity investment firm, Building Industry Partners (“BIP”), announced the acquisition of select assets of Building Supply and Lumber Co., Inc.
Building Supply and Lumber’s former owner, Stan McMaster, will work with Homewood as a consultant to continue servicing the Northern California LBM market and help grow Homewood’s market share in the pro dealer segment. The transaction enables Stan to transition into retirement, following a long and successful career spent building one of the area’s leading LBM distributors.
Jim Stockman, CEO of Homewood Holdings, commented, “We’ve known and respected Stan for many years, and this acquisition helps accelerate Homewood’s growth plan and adds highly valuable customer relationships to our organization.”
Homewood Holdings is actively seeking to partner with, and/or acquire, additional strong independent pro dealer organizations throughout California and the Pacific Northwest.
Founded in 1946, Building Supply and Lumber is an independent lumber and building materials “pro dealer” that serves custom and commercial homebuilders as well as remodel/repair contractors throughout the Northern California market. Building Supply and Lumber will be the third business acquired under the Homewood Holdings umbrella, since the formation of Homewood Holdings in early 2016 by BIP and building industry veteran, Jim Stockman.
