Nation’s Best Acquires Panhandle Lumber & Supply and Hipp Modern Builders Supply
The addition of the two businesses expands Nation’s Best’s presence in a single geographic area (Northwest Florida) and marks the company’s entry into a new state (Arkansas).
“With these newest stores, we’re quickly becoming the nationwide family of home improvement businesses we envisioned,” Chris Miller, president, and CEO of Nation’s Best, stated.
“In just under two years, we’ve grown our reach to now include 22 locations across seven states. We’re proud of our role in strengthening independent retail at the local level and we’re very happy to have Hipp Modern Builders Supply and Panhandle Lumber & Supply as a big part of that growth.”
Both acquisitions will continue to operate under their existing names as part of Nation’s Best’s acquisition strategy, with their management teams overseeing company operations.
Nation’s Best will provide the strategic and financial support required to achieve maximum growth and profitability.
Nation’s Best, founded in 2019, is a member-owner of Do it Best Corp., a home improvement buying cooperative based in the United States.
The company now has 22 locations spread across seven states.
In 2020, the company completed several acquisitions, including the acquisition of Groom & Sons’ and Lambert Lumber in February 2020, the acquisition of five-unit Bridgeport Building Centers in March 2020, and the acquisition of Hall’s Hardware in April 2020.
July 2020, its acquisition of two-unit Simms Lumber in October 2020, its acquisition of five-unit Connolly’s Do it Best Hardware & Rental in November 2020, its acquisition of BTU Do it Center in February 2021, its acquisition of Hometown Hardware in March 2021, and its acquisition of Caron Building Center in July 2021.
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