Acquisition-Rehab

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Lavalley Buys 3 Stock Facilities in Mass.

Lavalley Lumber Co. of Sanford, Maine, has purchased three former Stock locations: lumberyards in Lakeville and Norwood, Mass., and a kitchen design facility in Norwood. More

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SRS Buying Four Locations in Oregon

In its second acquisition announcement this week and fourth this month, SRS Acquisition Corp. said it has signed a letter of intent and is in the final stages of due diligence to buy Roofline Supply & Delivery. More

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SRS Acquires Ky. Roofing Supplier

Continuing its torrid acquisition pace, SRS Acquisition Corp. of McKinney, Texas, has acquired SIBCO, known as River City Wholesale, which operates in the Louisville, Ky., market. More

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Stock's New Majority Owner Looks To Grow

Less then 12 hours removed from its 51% acquisition of Stock Building Supply from Wolseley Plc, an executive of The Gores Group revealed that the private equity group plans to straighten out the nation's second-largest LBM dealer and position the company for future acquisitions. More

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Information for Profits

Knowledge is power, but timely information can mean profit. For this column, we will take a break from the financial numbers and discuss cool technology tools that can help your business. Here are five tools that require no financial investment and are simple to implement; so simple that my eight year old can do it. More

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Special Report: Market Movers

If 2006 was the year of the megadeal, 2007 is shaping up as the year of the strategic buy. Last year saw the creation of Pro-Build Holdings, the biggest pro dealer in the country, as well as the rapid buildup of The Home Depot's HD Supply division, whose LBM operations alone put it third on this year's PROSALES 100. Now contrast that with this year's announced deals. Through July, the only major acquisition was Beacon Roofing's purchase of North Coast Commercial Roofing Systems, at $253 million in sales the Midwest's largest distributor of commercial roofing products. August did see a blockbuster with the $8.5 billion transaction that handed HD Supply over to three private equity firms, but that deal represented The Home Depot's retreat from the serious pro market. More

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Market Movers

If 2006 was the year of the megadeal, 2007 is shaping up as the year of the strategic buy. Last year saw the creation of Pro-Build Holdings, the biggest pro dealer in the country, as well as the rapid buildup of The Home Depot's HD Supply division, whose LBM operations alone put it third on this year's PROSALES 100. Now contrast that with this year's announced deals (see chart). Through July, the only major acquisition was Beacon Roofing's purchase of North Coast Commercial Roofing Systems, at $253 million in sales the Midwest's largest distributor of commercial roofing products. August did see a blockbuster with the $8.5 billion transaction that handed HD Supply over to three private equity firms, but that deal represented The Home Depot's retreat from the serious pro market. More

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Big Dealers, Big Changes

The nation's largest pro suppliers are reorganizing and pondering growth opportunities as they anticipate a rebound in residential construction. More

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Stock Makes Key Acquisitions

Stock Building Supply, a leading supplier of building materials to professionals in the United States, today announces two acquisitions: Perfection Truss Company, in Albuquerque, NM; and Lee Window and Door Company, in Sanford, NC. More

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Shifting Gears

In his Sept. 26 presentation in Chicago at the American Housing Conference, Eric Belsky could only say it's too early to tell whether the downturn in the housing market will be short and sharp or longer-lasting and ultimately more painful. What is clear, he said, is that builders are responding by slowing production at least 10% in previously overheated states like California, Arizona, and Florida in an attempt to cut the six-month backlog of unsold homes. More

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