US LBM to Acquire Barrons, Washington, DC’s Leading Building Materials Distributor
GAITHERSBURG, MD., November 24, 2021 / PRNewswire / – US LBM, a leading distributor of building materials specializing in United States, has entered into a definitive agreement to acquire Barrons, a leading supplier of lumber and building materials to professional builders in the Washington DC Metropolitan area.
Founded in 1947, Barrons serves professional builders, including renovators, custom home builders and exterior home builders, with specialty products, such as decks, millwork and special order items.
Barrons operates two facilities that serve the Washington DC metropolitan area – a 6.6 acre property in Gaithersburg, Maryland. and a 14.7 acre property at Manassas, Virginia., the two locations include an exhibition hall, a warehouse and a lumberyard.
âWe look forward to entering this new chapter with US LBM to continue our growth and deliver even more value to our customers and employees,â said Jim davis, who has led Barrons since 2008, and will continue to lead day-to-day operations after the acquisition closes.
In October, US LBM acquired BuilderUp, another building materials distributor in the DC metro area.
âThe Barrons team is well known in the market for its professionalism and beyond the service rendered to its clients,â said the President and CEO of US LBM. LT Gibson. “We are delighted to partner with Barrons, which complements our recent acquisitions in the region, to tap into the large and growing market of professional builders and renovators in Washington DC“
The transaction is expected to close by the end of the month, subject to customary closing conditions.
The JIAN Group, LLC acted as financial advisor to Barrons.
ABOUT US LBM
US LBM is the largest private distributor of full line of specialty building materials United States. Offering a comprehensive portfolio of specialty products including windows, doors, millwork, wall panels, roofing, siding, engineering components and cabinets, US LBM combines the scale and operational advantages of a platform. national form with a local marketing strategy through its network of branches across the country. For more information, please visit uslbm.com or follow US LBM on LinkedIn.
SOURCE US LBM