Japanese Giant Buying Up US Home Builders
Sumitomo Forestry’s latest acquisition is Tri Pointe Homes which it agreed to buy for $4.5 Billion. The Japanese firm, which traces its roots back to its original logging business started in 1691, paid a 29 percent premium for Tri Pointe. Publicly traded Tri Pointe Homes sold more than 6,400 units in 2024 and it’s just […]
QXO Latest Deal Continues Its Building Products Ramp-up
With the acquisition of Kodiak as its latest deal, QXO is building on its plan to consolidate the highly fragmented building products industry. Kodiak is being acquired for $2 billion in cash and 13.2 million QXO shares. When the deal was announced, the total size of the transaction was estimated by QXO to be $2.25 […]
QXO Looking to Hit $50 Billion Mark in Next Few Years
After a big acquisition year, the giant distributor looks to grow through both new deals and internal expansion. Speaking recently at the Economic Club of New York, company founder Brad Jacobs said that QXO’s acquisition earlier this year of Beacon Roofing Supply was just the first step in his goal to take the company to […]
Gibraltar Buys OmniMax in Big Roofing Supplier Deal
Another merger has hit the building trade with this $1.335 billion acquisition creating a new powerhouse in the residential roofing sector. Gibraltar paid just over $1.3 billion for OmniMax International, which had been owned by Strategic Value Partners and its affiliates. OmniMax operates 16 manufacturing facilities around the country and is projected to have adjusted […]
D.R. Horton Buys SK in Latest Builder Consolidation
The nation’s largest home builder gets a bigger foothold in the growing southeastern region of the country. The deal gives Horton, which is based in Arlington, TX and has built over one million homes since being founded in 1978, access to more than 1,900 home building sites that SK owns or has options on. SK […]
Specialty Building Products’ OrePac Deal Latest Consolidation
The agreement to buy OrePac Building Products continues an industry trend of mergers and acquisitions around the country. The deal unites Georgia-based Specialty Building Products, LLC (SBP) with OrePac, a regional distributor of specialty building materials based in Oregon. Financial terms for the acquisition, which is expected to close by the end of the year, […]
MasterBrand Buying Woodmark, Creating $3.6 Billion Cabinet Giant
Two of the biggest players in the kitchen, bath and home cabinetry sector are coming together in a deal valued at $2.4 billion. The all-stock transaction will create one of the largest resources in the business with a combined operation of more than 20 manufacturing facilities and over 21,000 employees. The new company will use […]
Sumitomo Completes Teal Jones Mill Acquisition
The deal will allow the company to launch its first mass timber manufacturing facility in the U.S. For Tokyo-based Sumitomo Forestry Co. Ltd, the purchase of Teal Jones Louisiana Holdings LLC gives it the capabilities to produce dimension lumber and other materials for homes and multi-family buildings in addition to being able to get into […]
Lowe’s Big Acquisition Pushes Them Further into Pro Business
With its $1.3 billion purchase of Artisan Design Group, the giant DIY retailer continues to expand its focus on trade customers. Artisan Design Group, based in Dallas, operates nationwide and provides design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops to homebuilders and property managers. It has 132 distribution, design […]
What True Value’s New Ownership Means for the Chain
With the deal done for Do it Best to take over the hardware and building products retailer it could mean new growth for True Value. With over 8,000 stores and annual revenues of more than $6 billion the newly combined company becomes an even more significant player on the building products retail scene following a […]