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Don’t Forget! You Saw it in the
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October 2022 #14279 Page #106
LBM’s Pace of Deals Hasn’t Slowed But Fewer Yards Are Involved
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ear-to-date, the construction supply community has had 97 deals made by 50 buyers. At this same point in 2021, Webb Analytics counted 102 deals by 50 buyers. So much for predictions of a slowdown in M&A in 2022. Craig Webb President, Webb Analytics
What’s different is the size of the deals: A total of 255 yards have changed hands this year vs. 411 by late September 2021. On the other hand, we’ve had more greenfield openings so far this year (127) than by mid-September last year (115). There also have been a few more closures--29 vs. 24. The most important single deal in recent weeks undoubtedly was Builders FirstSource’s acquisition of Trussway, a components manufacturing giant with six locations, all in hot markets: Houston, Orlando, Denver, Dallas-Fort Worth, Atlanta, and Washington, DC. Trussway ranks 35th on this year’s Construction Supply 150, with an estimated $400 million in revenue in 2021. Truss manufacturers have been prized targets these past two years, and not just for BFS and the No. 2 lumberyard, US LBM. Just last week, for instance, Tibbetts Lumber acquired D&M Truss in Pensacola, FL.
LBM yards acquired (blue pins), newly opened (green), or closed (red) YTD 2022. Source: Webb Analytics Continued next page
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