Spahn & Rose Lumber acquired Reinbeck, Iowa-based full-service building design and materials store Moeller & Walter. As part of the purchase, Spahn & Rose will also acquire the business’s real estate and business assets.
To streamline operations and maximize efficiency after the acquisition, Spahn & Rose will combine its nearby Grundy Center, Iowa, location into the existing Moeller & Walter facility.
“This is a great acquisition that increases our presence in the Waterloo/Cedar Falls market,” Spahn & Rose CEO Dave Davis said in a news release. “By combining the Grundy Center Spahn & Rose location with Moeller & Walter, we’ll be able to serve our customers better than either location could before.”
The combined Spahn & Rose and Moeller & Walter location will operate under the Spahn & Rose Lumber brand. Lynn Trask, formerly the majority owner of Moeller & Walter, will become the general manager of the new location and Trask’s partner at Moeller & Walter Ron Peterson will also have a key role in the newly combined business. Matt Wilson will serve as the assistant general manager of operations and Dan Mohlis will serve as the assistant general manager of sales.
Dubuqe, Iowa-based Spahn & Rose was founded in 1904 and operates more than 20 locations throughout Iowa, Illinois, and Wisconsin. Spahn & Rose ranked 60th on the 2019 ProSales 100 list, generating $119.6 million in sales in 2018. The Moeller & Walter acquisition is the second in the past 12 months for Spahn & Rose. The dealer acquired Geneva, Wis.-based Dunn Lumber in February 2019.