Jim Stockman
Homewood Building Supply
Loomis, Calif.
PS100 Rank: 82

With 35 years in the industry, much of it with Stock Building Supply and most recently as the leader of Pacific Coast Building Products’ wood products division in northern California, Jim Stockman had been looking for something he could buy into for quite a while when he got an unexpected phone call.

“’Are you still in the Sacramento area? And do you know Homewood Building Supply?’” the caller asked. The answer to both questions was yes. In fact, the Loomis, Calif.-based Homewood was only minutes away from Stockman’s Roseville home.

The caller was friend and industry colleague Lonnie Schield, who had worked with Stockman at Terry Lumber and was now operating advisor at Building Industry Partners (BIP). The equity firm was looking at Homewood, whose owner, Hamid Noorani, was retiring and looking for an exit plan for the company his family had run since 1990.

The dealer, which has a yard and hardware store at the main location, also operates a nearby truss plant and a door-hanging facility. The company was known as a trusted supplier in the larger Sacramento market, making it an attractive investment for BIP. From that initial conversation with Schield back in 2015, things moved quickly.

Stockman partnered with BIP, and the group made the acquisition in April 2016, with the goal of building a regional LBM chain in California and the Pacific Northwest. With that acquisition, Stockman became president and CEO of Homewood Holdings.

Homewood Building Supply focuses heavily on custom home building and custom millwork, and the partners are looking for more strong regional operations in a similar mold. Early this year, Homewood made its second acquisition, Evergreen Lumber in Port Orchard, a two-location dealer that serves contractors in the greater Seattle and Puget Sound markets.

“We are talking with a lot of people, and we probably have three to four companies that we are hoping to close this year,” Stockman says. “We are looking everywhere from southern California to the Pacific Northwest, with a bit of emphasis on northern California. It’s become fun again in this industry.”