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US LBM was recently included on the annual Inc. 5000 list, which ranks the nation’s fastest-growing privately held businesses.
This is the first time US LBM has participated in the Inc. 5000 list, which reviews company data to create its rankings. The current edition of the list analyzed revenue growth covering a three-year period from 2019 to 2022. US LBM’s growth during the period was 228%, placing the company on the list’s upper half, at no. 2,408, and US LBM was the fastest growing company among peers included on the Inc. 5000 list.
Founded in 2009 with 500 associates at 13 locations in three states, just 14 years later, US LBM operates more than 450 locations nationwide with 15,000 associates and is the largest privately owned, full-line distributor of specialty building materials in the country.
“Our growth and ongoing success are due to the hard work of our customer-focused associates and teams all across the country,” says US LBM founder, president and CEO L.T. Gibson. “I’m incredibly proud of what we’ve accomplished together, as we continue to make a positive impact in the lives of our people, industry and communities and am truly excited about the opportunities and future that lies ahead for US LBM.”
Other highlights from the list include Helton Tool and Home, an online retailer of tools and home goods, which has seen 100% growth over the last three years, and 268 construction companies representing 186% median growth and nearly 25,000 new jobs. View the entire list here.
Over the last several years, US LBM has been acquisition focused. In 2021, the company acquired American Construction Source and Higginbotham Bros., and in 2022, the company acquired Foxworth-Galbraith. US LBM was acquired by Bain Capital in 2020, and earlier this month, it was announced that private equity firm Platinum Equity would have equal ownership.
