US LBM Holdings, a building products platform of BlackEagle Partners, has acquired H & H Lumber Company from second generation owner, Tim Heytens.
H & H Lumber Company (H&H) serves the northern Wisconsin and greater Duluth, Minnesota markets providing homebuilders, specialty contractors and professional remodelers with a full-suite of building materials and services. The company is based in Superior, WI (www.hhlumber.com).
H&H joins Lyman Lumber Company, a US LBM division that is one of the largest building material suppliers in Minnesota and Wisconsin.
“Since my father founded the business in 1969, H&H has dedicated itself to serving the construction communities of Superior and Duluth with high quality materials and first-class service. Partnering with US LBM and Lyman brings the added resources ensuring that our customers receive the same quality and service that they have grown to expect and deserve,” said Mr. Heytens.
“H&H’s excellent reputation and leading presence in its market made it an attractive fit for Lyman,” said Dale Carlson, President of Lyman Lumber Company. “We are excited to partner with the H&H team, customers and vendors as we continue to grow as the leading supplier in Wisconsin and Minnesota.”
US LBM is a collection of building material distributors serving the Midwest, Northeast, and Mid-Atlantic in eight states with more than 40 locations. US LBM is owned by private equity firm BlackEagle Partners and is recognized as one of the fastest growing suppliers of building products in the US. The company is headquartered in Green Bay, WI (www.uslbm.com).
“As a longstanding leader in its local market, the H&H acquisition is a great fit for US LBM. Through acquisition and new locations, we continue on our journey of building a better company, not just a bigger one,” said L.T. Gibson, President & CEO of US LBM.
BlackEagle Partners is an operations focused, middle market private equity firm that seeks to acquire underperforming and distressed businesses, non-core subsidiaries, and companies in out-of-favor industries. The firm invests between $5 million and $25 million in businesses in a variety of industries and in situations ranging from companies with current operational losses, in or near bankruptcy, to profitable situations where a change in ownership can revitalize the outlook. The firm has offices in Bloomfield Hills, MI and New York, NY (www.blackeaglepartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-9-13