Lumber and building materials distributor American Construction Source (ACS) acquired Foley Lumber and Milaca Building Supply. Both companies will operate under their existing local brand names in Minnesota, according to ACS.
“The ACS team welcomes Foley and Milaca to our national platform of service-oriented lumber and building materials locations,” James Drexinger, CEO of ACS, said in a news release. “The Kotsmith family has built a great business over generations and we respect the customer relationships they have fostered for the last 90 years.”
The acquisition of Foley and Milaca represent the ninth acquisition by ACS under the sponsorship of Angeles Equity Partners and Clearlake Capital GRoup since the company was formed in 2018.
“We are confident ACS, Angeles, and Clearlake are the best partners to help accelerate growth by delivering more value-added products and an expanded portfolio of services in north central Minnesota and the greater Minneapolis St. Paul metro area,” said Milaca and Foley owners Chris Kotsmith and Randy Kotsmith. “ACS’s technology instruments and national scale will enable Foley and Milaca to better serve our customers for generations to come.”
ACS, backed by private equity firms Angeles Equity Partners and Clearlake Capital Group, was formed after purchasing Meek’s Lumber and quickly expanded with the acquisitions of Edwards Building Center, Breceknridge Building Center, and Arrow Building Center in late 2018. The distributor acquired Freeborn Lumber Company in June 2019, Contractor’s Truss Systems in September 2019, Homewood Holdings in February of 2020, and Weaver Lumber in July 2020. In March, the company expanded and upgraded several Homewood operations in the Sacramento, Calif., metro market.
ACS operates more than 70 locations in 9 states, serving custom home builders, remodelers, and DIY customers.
