Talbert Building Supply Acquires North Carolina’s Poindexter Lumber Company
Talbert Building Supply, a North Carolina-based independent, family-owned lumber and building materials dealer, has announced plans to acquire Clemmons, North Carolina-based Poindexter Lumber Company.
The Poindexter facility is the fifth Talbert brand location, joining Roxboro, North Carolina, Durham, North Carolina, Asheboro, North Carolina, and Clarksville, Virginia.
The transaction is scheduled to close on November 15.
“We are grateful to join with another independent dealer to serve our customers, communities, and teams,” Danny Talbert, the founder and CEO of Talbert Building Supply said in a released statement.
“I appreciate the trust Tom and Chris [Poindexter] have placed in us to continue their tradition of quality service and value. They have a wonderful business, a dedicated team, and an incredible facility from which to operate. We look forward to honoring their family’s contributions to the industry and surrounding communities by welcoming the Poindexter team to Talbert and working together to deliver an exceptional customer experience.”
Poindexter Lumber Company, established in 1926, is a fourth-generation lumber and building materials dealer serving custom builders, remodelers, and retail customers in the greater Winston Salem area.
Tom and Chris Poindexter, third and fourth generation owners, lead the company.
According to Talbert, as consultants and general managers, Tom and Chris will continue to play critical transition and leadership roles.
“We are excited to join the well-established group at Talbert Building Supply,” Poindexter Lumber Company’s president, Tom Poindexter, stated.
“Their business model is a well-suited fit to continue what our family has established over the past 95 years, and we are thankful for this opportunity.”