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
Michael Kauchak
Marketing Manager
(630)
450-9549;
