Minneapolis, MN (PRWEB) February 18, 2013
Dan Mulvaney and Rick Elliott represented H&H Lumber Company in its December 28, 2012, sale to US LBM Holdings. Mulvaney and Elliott are sell-side M&A advisors at Sunbelt Midwest in Minneapolis.
"With the acquisition of 40-year-old H&H Lumber the buyer created instant market share in the Duluth-Superior region and expects financial synergies as their core markets return to normalization after the deep real estate recession.,” said Mulvaney. “The Buyer is also able to leverage its professional management team in the Twin Cities through their ownership of Lyman Lumber, purchased in 2011.”
Elliott added, “The Seller provides a high value-add to its diverse group of commercial customers, and the two companies’ cultures share an emphasis on customer service and efficiency.”
H&H Lumber, a second generation family-owned and -operated building products distributor, was founded in 1969 to serve the residential and commercial construction communities in the Duluth-Superior region. US LBM Holdings will retain the H&H Lumber name and its employees.
US LBM Holdings, a supplier of commercial building products throughout the United States, operates over forty locations in eight states. US LBM is backed by BlackEagle Partners, a private equity firm with offices in New York and Michigan. US LBM has made eight acquisitions since 2009 to become one of the largest building product suppliers in the United States.
About Sunbelt Midwest
Sunbelt Midwest is part of Sunbelt, the world's largest organization of M&A professionals. With five offices in Minneapolis, Chicago and Milwaukee, Sunbelt Midwest provides a strategic regional presence to Sunbelt’s 200+ worldwide offices. Sunbelt's M&A Advisors provide sell-side merger and acquisition services for companies with revenue between $5 and $50 million. Since 1978 Sunbelt has helped companies with mergers, acquisitions, divestitures, private equity investment and valuations. Sunbelt provides local investment banking expertise with worldwide geographic coverage to its business owner clients.