Builders FirstSource® Acquires Schoeneman's Building Materials Center
May 10 2024 - 11:07AM
Business Wire
1stWEST M&A Served as Schoeneman's Advisor
in the Successful Transaction
1stWEST Mergers and Acquisitions, the leading investment bank
and M&A advisory in the building material sector, announced
today that its client, Schoeneman's Building Materials Center, has
been acquired by Builders FirstSource® (NYSE: BLDR).
1stWEST M&A served as Schoeneman's advisor throughout the
successful transaction. Due to Builders FirstSource’s remarkably
efficient due-diligence process, the Schoeneman's acquisition was
closed within 45 days of the signing of the letter of intent.
“Since 1888, Schoeneman’s has established itself as a trusted
name with experienced staff and a large selection of building
materials and products. They provide convenient and exceptional
service for their customers and support their communities in South
Dakota and Iowa,” according to the company. (Link to the Builders
FirstSource announcement here.)
“M&A activity in the LBM (lumber and building material)
sector has never really slowed down, despite the volatility of
interest rates. Great companies continue to find excellent
acquisition values, and acquirers clearly have the liquidity to add
to their portfolios,” said John D. Wagner, a Managing Director at
1stWEST M&A. “In this case, Builders FirstSource has obtained a
real gem in its acquisition of Schoeneman’s, a company whose
top-shelf reputation stretches far and wide.”
About 1stWEST M&A
1stWEST Mergers & Acquisitions is a full service,
international investment banking and advisory firm that is focused
on the lower middle-market of companies, where it has transacted
more than $1.4 billion in deal values. The firm has built a unique
business solutions platform of assisting owners and shareholders in
selling their companies, acquiring other businesses, and raising
growth capital. With Managing Directors in the US, Mexico, Panama,
Peru, Brazil, Argentina and Chile, 1stWEST M&A is uniquely
positioned to serve its clients around the globe. Learn more:
www.1stwestma.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240510923168/en/
Media Contact: John D. Wagner j.wagner@1stwestma.com