Meek's Lumber and Hardware has announced it is closing six store locations in southern Missouri as part of a consolidation move for the company. The closings of the Springfield, Mo., Popular Bluff, Mo., Doniphan, Mo., St. Robert, Mo., Mountain Grove, Mo., and Greenfield, Mo., locations are effective immediately.
The announcement comes less than two months after Meek's, the 22nd biggest company on the ProSales 100, was acquired by private equity firms Angeles Equity Partners and Clearlake Capital Group. The private equity firms formed a company called American Construction Source in order to acquire Meek's.
Less than a week after the acquisition, commercial brokerage firm HFF reported it had brokered a sale-leaseback of 41 distribution centers and commercial properties of Meek's. That sales-leaseback included 23 of Meek's Missouri properties.
Trent Waterhouse, an official with Angeles Equity Partners said customers in areas affected by the store closings would be referred to other Meek's locations within a 30-minute travel time. Founded in 1919, Meek's operates two sections of business, with 37 locations in Arkansas and Missouri and 13 locations in California and Nevada.
