Specialty building materials distributor US LBM acquired Bailey Lumber & Supply, a six-unit, family-owned distributor in Mississippi, according to a news release. Terms of the deal were not disclosed.
Bailey Lumber & Supply, based in Gulfport, Miss., offers a broad range of services and specialty building products to professional builders and DIY customers, including roofing, siding, windows, cabinets, floor and roof truss systems, customized doors and fine millwork. The company will continue to be led by president Richard Kostal, who will remain with Bailey Lumber & Supply after the deal closes, according to the news release.
"Bailey Lumber & Supply has an exemplary reputation in Mississippi, and we're pleased to welcome them to US LBM," said US LBM President and CEO L.T. Gibson. "With the acquisition of Bailey's, a top distributor with a full line of building products and services, we're furthering our strategy of partnering with local market leaders and increasing our presence in the growing southern U.S. construction market."
US LBM, based in Buffalo Grove, Ill., was ranked 6th on the 2018 ProSales 100 and operates more than 240 locations nationwide. The deal is the second in the month of April for US LBM, after the distributor announced the acquisition of BM Windows on April 2.