Thursday, September 24, 2015
US LBM announces their intent to partner with GBS Building Supply
GBS represents US LBM’s first partnership in the Carolinas as it actively pursues other opportunities to broaden its presence in the Southeast U.S.
Significantly enhances the ability to service an expanding customer base as the U.S. housing market recovery continues
Greenville, South Carolina – September 22, 2015 – US LBMHoldings, LLC (“US LBM”) announces its intent to acquire GBS Building Supply of Greenville, SC from its employee shareholders. The acquisition is expected to close on October 5, 2015. Bob Barreto will continue leading GBS’s day-to-day operations with his existing team in his current role as CEO and President.
In 1972, a group South Carolina-based homebuilders, under the leadership of R. Buford Landers, established a company to serve as their own supply source while also meeting the needs of all professional homebuilders. GBS has grown from a startup with just 10 employees to an employee-owned company with a staff over 100 strong. Today, GBS operates 6 locations across the Carolinas supplying windows, doors, stone, roofing, siding, millwork, lock hardware, columns, trim, mouldings, cabinetry, countertops, decking & railing, gypsum, lumber & plywood, insulation, and other building materials. In addition, GBS Building Supply operates a custom molding & millwork center and offers kitchen design services and floor system design.
“GBS is excited to join the US LBM team,” said Bob Barreto, CEO and President of GBS Building Supply. “This new partnership allows us to continue to invest in operations and enhance customer service at all our locations. The opportunity for growth for our employees, customers, and vendor partners is extraordinary.”
“GBS Building Supply is a great addition to the US LBM family and continues our strategy to diversify from both a product and geographical perspective,” said L.T. Gibson, President & CEO of US LBM. “GBS has a proven team with a history of success. We are excited to partner with their associates and look forward to future opportunities together in the region.”
US LBM is a collection of leading buildingmaterial distributors across North America operating 165 locations in 22 states. It is the 3rd largest building products distributor in the United States, and recipient of the 2015 ProSales Dealer of the Year award. US LBM implements the philosophy of local management and leadership to capitalize on the premier reputation of its operating companies and local customer relationships. www.uslbm.com
Contacts: US LBM Holdings