Tibbetts Lumber announced it has agreed to acquire Pensacola, Fla.-based D & M Truss Company in a transaction expected to close later in 2022. D & M Truss is a single-location roof and floor truss manufacturer.
“Assuming this deal is consummated, D & M Truss’ team and facility are strategic to our existing Florida operations to allow for further growth into Florida’s panhandle, Alabama, and Mississippi; finally propelling us over the Florida state line,” Tibbetts Lumber executive chairman Kyle Hooker said in a press release. “D & M gives us a very geographically-significant footprint to complement our existing central Florida truss production, and the team is experienced, well-disciplined, and extremely respected in the marketplace. This is an exciting growth opportunity and time for us.”
Upon the closing of the transaction, Tibbetts Lumber’s U.S. footprint will increase to 10 locations throughout Florida. Its sister company, Cox Lumber, operates two locations in the Cayman Islands.
“D & M’s ‘Core Values’ and business model aligns with ours,” Tibbetts Lumber vice chairman and CEO Russ Hallenbeck said. “If this acquisition closes, it should enhance our ability to serve current key and future customers in the greater Pensacola area. Servicing customers in the Florida panhandle solidifies our strategic growth plan in Florida and throughout the southeastern U.S.”
Tibbetts Lumber serves regional and custom/semi-custom builders and remodelers with locations in St. Petersburg, Largo, Land O’Lakes, Ocala, Crystal River, Lecanto, Palm Bay, Lehigh Acres, and Englewood, Fla. The company’s primary business lines include roof and floor trusses, lumber and building materials, interior and exterior doors, millwork and trim, windows, siding, and specialty items for new home construction and remodeling.
