One of the nation's fastest-growing companies swelled yet again today when Kodiak Building Partners announced it will acquire Zarsky Lumber, a 10-unit operation based in Victoria, Texas.
Zarsky CEO Cally Fromme and her management team will remain at Zarsky, and the company will retain its name. Zarsky racked up $72 million in sales from its South Texas trading market last year, a 6% climb from 2013, according to figures it supplied for the as-yet unpublished 2015 ProSales 100. Roughly 85% of its sales were to pros. Meanwhile, Greenwood Village, Colo.-based Kodiak saw its revenues shoot up 152% last year to $396 million.
“We’ve been interested in joining forces with Zarsky for many years," Kodiak chairman Paul Hylbert said, "and look forward to supporting the growth trajectory that the Zarsky team is on and feel they will be a significant contributor to Kodiak’s future:"
Fromme said Kodiak's partnership with her nearly 90-year-old, family-owned company "offers many new opportunities for our customers and our employees. We anticipate a very bright future for all parties involved.” One reason why she and Fromme know Hylbert and Kodiak so well is that she and Hylbert both have been chair of the National Lumber and Building Material Dealers Association within the past eight years.
The deal should close by the end of the second quarter, Kodiak's announcement said..
Zarsky's locations are in Wharton, Victoria, Port Aransas, Corpus Christi, and Kingsville as well as the Rio Grande border cities of McAllen, Harlingen, Los Fresnos, Rio Grande City, and Laredo. It also operates a component plant and two millwork fabrication facilities which serve the customers throughout the chain.
