Homewood Holdings, a portfolio company created two years ago by investment firm Building Industry Partners (BIP), today announced it has acquired the assets of Eagle Creek Siding and Mud Bay Manufacturing.
Eagle Creek has been a customer and strategic partner of Evergreen Lumber, a Washington-based dealer that was acquired by Homewood Holdings in 2017.
Eagle Creek Siding is the second Washington state investment by Homewood Holdings and the fourth investment by the company overall. Homewood Holdings consists of Sacramento, Calif.-based Homewood Building Supply and Evergreen Lumber. Homewood was formed in April 2016 through the recapitalization of California’s Homewood Lumber.
Olympia, Wash.-based Eagle Creek Siding was founded in 1999 and is the leading installer of exterior siding in the greater Seattle market. Mud Bay Manufacturing is a manufacturer of wood building products, siding accessories, architectural and structural supports, and exterior details and homebuilders.
Ron McFarland will lead Eagle Creek Siding as the general manager after the acquisition, along with Operations Manager Jeff Fluery, Accounting Manager Natalie Byrne, Estimating Manager Rocky Tennison, and Production Team Manager Travis Houston.
“We are thrilled to welcome Eagle Creek into the Homewood family of companies,” Managing Partner of BIP Zach Coopersmith said. “The addition of Eagle Creek will help us better serve the customers in the Washington market, and fits Homewood’s acquisition strategy of investing in strong businesses in growing markets, in partnership with proven operators.”
Homewood said Eagle Creek’s network of installation subcontractor relationships “represents a critical service offering for homebuilders in a market that continues to suffer from tight labor supply.” Following this acquisition, Homewood Holdings has more than 225 employees and over $100 million in combined sales.
Homewood Holdings’ parent investment firm BIP helped create or fund ProSales 100 companies U.S. LBM and Kodiak Building Partners as well as Rugby Architectural Building Products, United Cabinet Holdings, Building Industry Advisors, and U.S. Fence Solutions. In November, Homewood acquired Northern California-based dealer Building Supply and Lumber.
