Noteworthy LBM Acquisitions This Week

It’s been a busy week for acquisitions for LBM retailers.

Carter Lumber announced the acquisition of Townsend Building Supply, a building materials dealer with six locations in southern Alabama and the Florida Panhandle. This acquisition continues Carter Lumber’s plans for growth in the South and positions the company for further expansion in these two states.

This acquisition strengthens Carter Lumber’s position in key markets while enhancing Townsend Building Supply’s capabilities through greater access to capital, increased purchasing power and key industry relationships. Townsend Building Supply will become part of the Carter Lumber Family of Companies and will continue to operate under its distinct brand.

“Florida and Alabama have been in our sights for years as part of our strategic southern expansion. With Townsend’s established presence and solid reputation, we’re able to hit the ground running in both states,” says Jeff Donley, president and COO of Carter Lumber. “Both companies share a rich history of core family values and a commitment to delivering exceptional customer service. We look forward to demonstrating to Townsend’s customers and employees why we believe Carter Lumber is the best company in this industry.”

Also of note, High Country Lumber in Bishop, California, has acquired Home Lumber, also of Bishop, from third-generation lumberman Brent Johnson.

The purchased facility was one of three Home Lumber yards earlier operated by Brent’s father, Milt Johnson, until he sold them to Stock Building Supply in 2006. Three years later, Stock announced plans to shutter the Bishop location and son Brent stepped in.

“It has truly been a pleasure to serve the local and surrounding communities with building materials for the past 15 years,” Brent says. “I have decided it is time to return and retire to southern California. This allows me more time to spend with my family and to pursue other opportunities. I chose to sell the assets of Home Lumber Company to High Country Lumber, a larger but still locally owned company, in hopes that the transition would be easier and would still provide excellent service for our customers. I have been blessed and am grateful for my time in Bishop and the people I have had the opportunity to work with.”