Just over two years ago, Chris Costello left his position as vice president of a Gloucester, Mass., building material dealer and purchased Timberline Enterprises, a small lumberyard nearby that was flying under the radar.
Reminder stickers. Wrap-around agreements. Extra-early lien notices. Complaints to licensing boards. Even a round of golf. Building material dealers nationwide employ a wide variety of techniques to make certain they get paid, notwihstanding today's housing slump.
A little over a week after announcing it had been acquired by a Boston-based private equity firm, Cedar Creek said it has purchased Alamo Forest Products wholesale distribution locations in San, Antonio, Houston, and Harlingen, Texas.