Holland & Knight Advises on Creation of Southeast LBM Interests and Acquisition of Georgia Lumber Dealers
BOSTON (July 22, 2021) – Holland & Knight advised Building Industry Partners LLC (BIP), the leading building industry-focused private equity investment firm in the U.S., on the formation of a new regional lumber and building materials (LBM) pro dealer organization, Southeast LBM Interests. The firm also advised on the acquisition of the assets of the Warner Robins family of businesses: Warner Robins Building Supply Co., Henson Building Materials and Mountain Building Supply. The deal was announced on July 14.
The creation of Southeast LBM Interests was done in partnership with pro dealer industry veteran, Roger Farmer, who will serve as president and lead the organization's future growth. BIP and Mr. Farmer formed Southeast LBM to build a best-in-class, people-first regional LBM pro dealer organization in the southeast U.S., commencing with the acquisition of Warner Robins lumber businesses.
Warner Robins Supply, headquartered in Warner Robins, Ga., is an independent LBM pro dealer serving local, regional and national builders and contractors, as well as do-it-yourself customers in Georgia, North Carolina and South Carolina. The businesses, which employ 190 people, will retain their names in the market.
Over the past decade, Boston-based BIP has been involved in some of the fastest-growing and most dynamic businesses in the middle-market U.S. building industry.
Holland & Knight Partners Adam August and Ashley Plemons advised BIP on the formation of Southeast LBM and deal to acquire the Warner Robins companies. They were assisted by Associates Andrew Erickson and Kelly McKeon.
More information about the transaction can be found here.