Nation’s Best acquired B & S Hardware & Lumber in Gilmer and Pittsburg, Texas. The two locations join 17 other Nation’s Best locations in Texas.
“B & S Hardware & Lumber checks all the boxes in what we’re looking for in a partnership,” Matt Lambert, regional vice president of Nation’s Best’s south-central region, said in a news release. “They have a solid, long-term foundation of visionary family leadership. They’re sizable, well-stocked stores with a strong product mix of hardware, lumber, and building materials tailored to their markets’ needs. They’re destination stores that are regularly refreshing the business to stay relevant for their many customers. We are excited to have them as part of the Nation’s Best family.”
B & S Hardware & Lumber, founded in 1950, is operated by the third and fourth generations of the Spearman family. With the completion of ownership transition to Nation’s Best, Steve Spearman will retire, but the rest of the family will remain in operational roles in the two home centers.
“As we considered the future of our family business, Nation’s Best really was the right fit for us,” the Spearmans said. “Their partnership approach allows us to sell the stores with the family staying heavily involved, while also retaining the real estate, leasing it back to them over the long term. This gives us continued skin in the game while leveraging the strength of their operational best practices to grow the business. It’s a win-win.”
As part of Nation’s Best’s strategy, B & S Hardware & Lumber will maintain operations under their existing brand name with its key leadership overseeing company operations alongside Nation’s Best, which will provide the strategic and financial support necessary to drive optimal growth and profitability, according to a news release.
Nation’s Best, founded in 2019, operates 48 locations in 14 states.