Homewood Holdings, a portfolio company created two years ago by the investment firm Building Industry Partners (BIP) to build a pro dealer platform on the West Coast, today announced it had acquired Building Supply and Lumber, a dealer serving the Northern California market.
The acquisition adds to Homewood’s Northern California footprint and expands its customer base of homebuilders and contractors. Homewood Holdings consists of Sacramento, Calif.-based Homewood Building Supply and Evergreen Lumber in Seattle. Homewood was formed in April 2016 through the recapitalization of California’s Homewood Lumber. Homewood now consists of six locations with the addition of Building Supply and Lumber.
Building Supply and Lumber, founded in 1946, is an independent lumber and building materials dealer that serves custom and commercial builders as well as remodeling and repair contractors. Building Supply and Lumber’s former owner, Stan McMaster, will work with Homewood as a consultant to continue servicing the Northern California LBM market, according to a news release from the company.
Homewood Holdings is “actively seeking to partner with, and/or acquire, additional strong independent pro dealer organizations throughout California and the Pacific Northwest,” according to the BIP release.
Homewood Holdings’ parent investment firm BIP helped create or fund ProSales 100 companies U.S. LBM and Kodiak Building Partners as well as Rugby Architectural Building Products, United Cabinet Holdings, Building Industry Advisors, and U.S. Fence Solutions.
