U.S. LBM Acquires Raymond Building Supply
U.S. LBM Holdings, LLC ("U.S. LBM"), a leading distributor of specialty building materials in the United States, today announced the acquisition of Raymond Building Supply, which is based in North Fort Myers, Fla. and serves the South Florida market through five branch locations. With this acquisition, U.S. LBM now operates 30 locations in Florida and 227 nationwide.
Founded in 1957, Raymond Building Supply serves several counties in South Florida, including Lee, Collier, Sarasota, Manatee, Hillsborough, Palm Beach, Broward and Miami-Dade. The supply company provides a range of products, such as lumber, trusses, garage doors, windows, residential doors, commercial doors, cabinets, appliances and custom millwork, to residential and commercial customers.
"Florida is a vital, expanding market in the building and construction sector," said U.S. LBM President and CEO L.T. Gibson. "Raymond Building Supply is a market leader with deep relationships and a strong focus on customer service which positions us well in this important market. This acquisition supports our successful strategy of partnering with the best local companies in high growth markets."
"We've been providing high quality products and services to our customers for nearly 60 years," said Raymond Building Supply President Duane R. Swanson, Jr. "This partnership with U.S. LBM lets us continue that tradition and will further enhance the products and opportunities we can offer to our customers, business partners and employees."
The JIAN Group LLC acted as the financial advisor to Raymond Building Supply.