Specialty Building Products Plans to Acquire DW Distribution
Specialty Building Products, LLC, a major North American distributor of specialty building products, announced today the signing of a formal agreement to acquire DW Distribution, Inc., a leading regional distributor of building materials and millwork products.
The transaction expands product choices and geographical reach, with an united focus on providing the best possible service to clients.
Financial terms of the transaction were not disclosed.
DW Distribution, founded in 1955, is a third-generation, family-run distributor of building supplies, millwork products, and door units, servicing customers in Texas, Oklahoma, Louisiana, Arkansas, and New Mexico.
DW Distribution is well positioned for continued growth in its territories, owing to the recent expansion of its millwork capabilities.
Following SBP’s recent acquisition of Reeb Millwork, this transaction expands SBP’s offering in the expanding Door Category and reflects SBP’s ongoing efforts to engage in high-performing and complementary businesses that enable geographic and market segment expansion.
“DW Distribution is a tremendous addition to SBP,” Specialty Building Products’ President and CEO, Jeff McLendon, stated.
“The Potter Family and their team at DW have created an organization that is the leading specialty products distributor in its region. Trusted by loyal customers and focused on making a difference in the lives of their employees, DW Distribution aligns with our culture and direction. We are thrilled to work together as we grow our combined business.”
Nathan Potter, DW Distribution CEO and Owner, added:
“Our business is grounded in our core principles of impressing customers, inspiring each other and improving our business and communities. This partnership provides the opportunity to continue that charge while providing a strong foundation for the long-term success of our employees, customers and vendors. We are excited to build on our legacy and are energized by the opportunity to work with Specialty Building Products as we make a positive impact on our industry.”
The transaction is scheduled to occur in 2021, subject to normal closing conditions being met.
Following the acquisition, DW will retain its current brand name, geographic locations, and management team, led by President Aaron Elliott, as part of SBP.