Kodiak Building Partners acquired Pompano Beach, Fla.-based Carpenter Contractors of America (CCA). The transaction is expected to close in October.
“While we recognize areas in which we can complement CCA, Kodiak is also looking forward to learning from them,” Kodiak president and CEO Steve Swinney said in a news release. “Sharing best practices among our companies only helps us achieve our goal of being better today than we were yesterday. CCA has a very innovative model of combining installation, manufacturing, and supply that sets them far apart from any competitor.”
CCA, founded in 1955, is a leading provider of fabricated components and field installation services in the midwest, the Carolinas, and Florida. The company operates six branches in Florida, Illinois, and North Carolina and employs almost 2,000 associates. After the deal closes, CCA’s existing management team will continue to run the company, led by Ken Thiel, CCA’s current president and vice chairman. Thiel said the decision to sell the company was a difficult decision, but believes partnering with Kodiak will help leverage the best of CCA’s “manufacturing excellence and customer-centric operating philosophy with Kodiak’s scale and infrastructure.”
“Our focus on staying true to our family-business culture, even as we grew and evolved, was always key, and I am confident that Kodiak will not only respect our culture, but enhance it,” Don Thiel, CCA’s founder, said. “It is important to me and my family that with Kodiak’s involvement, our company will continue to grow, improve, and thrive, while caring for our employees and valuing everything that they each bring to the table.
Highland Ranch, Co.-based Kodiak Building Partners operates more than 80 locations across Arizona, California, Colorado, Delaware, Florida, Idaho, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Texas, Nebraska, Washington, Wisconsin, and Wyoming. The company recently opened a Jenkins Drywall and Insulation greenfield location in Etna, Wyo., and a Freedom Acoustics greenfield location in Delaware. Kodiak serves general contractors, builders, subcontractors, remodelers, and DIYers. The specialty dealer ranked 11th on the 2020 ProSales 100 list.
