Specialty distributor Foundation Building Materials (FBM) acquired the assets of Marriott Drywall Materials. Marriott Drywall Materials is an independent distributor of drywall and accessories, steel framing, insulation, tools, and fasteners serving the greater Milwaukee, Wis., area. Terms of the deal were not publicly disclosed.
“The addition of Marriott further builds our residential and commercial market presence in the Milwaukee metropolitan area,” FBM president and CEO Ruben Mendoza said in a news release. “With a strong track record of unparalleled customer service, Marriott is a welcome addition to the FBM network.”
Santa Ana, Calif.-based FBM expects Marriott’s performance to be consistent with prior years, with an estimated $2.0 million to $3.0 million in net sales for the remainder of 2020. According to FBM, the acquisition is expected to be immediately accretive to the company with financial benefits driven by increased scale and cost savings.
FBM is a specialty distributor of wallboard, suspended ceiling systems, metal framing, and complementary products throughout North America. The company operates over 170 branches across the United States and Canada. FBM ranked 9th on the 2020 ProSales 100 list. The acquisition of Marriott Drywall Materials represents the distributor’s third acquisition in the calendar year. FBM acquired Louisville, Ky.-based Associated Drywall Suppliers in January and two units of IDI Distributors in February.
