Cameron Ashley Building Products acquired Alexandria, La.-based Martin Distributors. Martin Distributors operates two locations in Alexandria, La., and Lafayette, La., and distributed commodity and treated lumber, engineered wood, roofing, gypsum, and insulation.
“We are excited to add the Louisiana locations of Martin Distributors to our network and to continually provide the best products and service for our customers,” Donny DeMarie, president and CEO of Cameron Ashley, said in a news release. “The acquisition further strengthens Cameron Ashley’s position in the southeastern United States while providing us entry into the Louisiana market.”
The acquisition is Cameron Ashley’s second deal of 2020 after the distributor acquired J&R Products in January. Martin Distributors will be rebranded and operate as Cameron Ashley Building Products. The retail locations of Martin Building Materials in Pineville, La., and Howard Lumber & Supply in Minden, La., were not part of the acquisition will continue to operate under separate ownership from the acquired Cameron Ashley locations, according to a news release.
Cameron Ashley, a portfolio company of private investment firm Pacific Avenue Capital Partners, is a distributor of roofing, insulation, gypsum, and other specialty building products. South Carolina-based Cameron Ashley operates a network of more than 42 stocking distribution centers with a total storage footprint of over 4.2 million square feet in 20 states.
Under Pacific Avenue’s ownership, Cameron Ashley has completed three add-on acquisitions and has grown its network to more than 5,000 customers serviced. The company opened nine distribution centers across the United States in 2019 and opened 2020 by acquiring J&R Products, opening a distribution center in Topeka, Kansas, opening a distribution center in Fort Wayne, Ind., and opening a distribution center in Reno, Nev.
“The acquisition of Martin Distributors continues our strong commitment to grow Cameron Ashley through add-on acquisitions, and will allow us to best serve our customers and expand our geographic footprint,” Chris Sznewajs, founder and managing partner of Pacific Avenue, said in a news release. “The addition of lumber and engineered wood products further bolsters our position as a leading nationwide distributor of quality building products. We will continue to pursue additional acquisitions that expand both our geographic footprint and product category offerings.”
