ABC Supply, Beloit, Wis., bought Lee Wholesale Supply, which distributes steep-slope roofing, siding, and windows from four locations in the Detroit market, ABC announced March 26. The acquisition will give ABC a total of seven locations in the region. In a release Tuesday, the specialty distributor said it plans to retain Lee’s employees and current owner John Wrobleski. According to its website, Lee Wholesale operates facilities in New Hudson, Macomb, Livonia, and Port Huron, Mich.
“Contractors will continue to work with the people they've come to know, trust and rely on, and the branches will continue to offer the products, brands and services that customers have come to expect at all former Lee Wholesale locations,” ABC CEO David Luck said in the statement. “The only visible difference will be the name on the door.”
The move highlights ABC’s post-recession growth as its specialty product mix largely insulated it from the market’s trough with annual sales dipping from $2.88 billion in 2008 to $2.68 billion in 2009 before spiking to $4.07 billion a year later. In August 2012 ABC opened its second location in the Pittsburgh market with a yard in Carnegie, Pa. And earlier this month the company announced it had paid off the private equity investors from its 2010 deal to acquire the 129-location Avenel, N.J.-based Bradco Supply, a move Luck told attendees at the ProSales 100 Conference in New Orleans March 7 wasn't expected until 2014.
ABC Supply ranked first on the 2012 ProSales 100 list of leading building material suppliers in the U.S. with $4.5 billion in sales to professional builders and contractors across 451 locations during 2011. As of Jan. 1, 2012 the company employed 6,530.
Correction: This story has been updated to reflect that ABC's annual sales decreased from $2.88 billion in 2008 to $2.68 billion in 2009. The previous version labeled those numbers as the company's profits. We regret the error.
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