Building Products Acquisitions in Minnesota

Versatrim, a Henderson, North Carolina-based manufacturer of floor moldings and stair solutions, has acquired Artistic Finishes, a Roseville, Minnesota-based maker of solid wood moldings, stair treads and advanced finishing technologies. The acquisition combines Versatrim's manufacturing scale with Artistic Finishes' craftsmanship to create an integrated, end-to-end portfolio of moldings, stair solutions and flooring accessories for residential and commercial markets across North America.

SiteOne Landscape Supply, Inc. has acquired Grove Nursery, a wholesale nursery distributor with one location in northwest Minneapolis, Minnesota. The acquisition expands SiteOne's product offering and market presence in the Minneapolis area and is the company's third acquisition in 2025.

Richelieu Hardware has acquired Midwest Specialty Products, LLC, a Shakopee, Minnesota-based distributor of premium countertop and surface solutions. The acquisition closed January 13, 2025 and was advised by Generational Group. The deal expands Richelieu's product offering in stone slabs and strengthens its distribution footprint in the U.S. Midwest.

The Cook & Boardman Group LLC, a Platinum Equity–backed provider of integrated access and security solutions, has acquired Building Material Supply Inc. (BMSI), an architectural specialty building products distributor headquartered in Edina, Minnesota. The acquisition expands Cook & Boardman's Division 10 product offering and Midwest/Southwest footprint; terms were not disclosed.

Kodiak Building Partners has acquired Minnesota-based Kendell Lumber and will fully integrate its Winona and Rollingstone operations into Kodiak portfolio company Simonson Lumber. The consolidation aims to streamline operations, expand product and service offerings across Minnesota, and strengthen service to builders, contractors and consumers in the region.

Installed Building Products, Inc. (IBP) has acquired Wholesale Insulation Supply, Inc., doing business as Insulation Supplies, a specialty insulation distributor headquartered in New Hope, Minnesota. The acquisition adds over $22 million of annual revenue and expands IBP's geographic presence and distribution capabilities across Minnesota and the upper Midwest.

MasterBrand, Inc., through its subsidiary MasterBrand Cabinets LLC, agreed to acquire Supreme Cabinetry Brands, Inc. from GHK Capital Partners LP for $520 million in cash. The deal (expected to close in Q3 2024) adds the premium brands Dura Supreme and Bertch to MasterBrand's portfolio, is expected to deliver $28 million of annual cost synergies by year three, and will be funded with cash on hand and incremental debt commitments.

A1 Garage Door Service has acquired The Garage Door Guy Inc., a Plymouth, Minnesota-based residential garage door service provider, to expand A1's presence in the Minneapolis–St. Paul market. The Garage Door Guy, founded in 1998, will operate as A1 Garage Door Service beginning April 1, 2024, providing expanded capacity, technician access, and equipment to better serve the Twin Cities area.

Core & Main Inc. has acquired substantially all of the assets of Granite Water Works Inc., a family-owned distributor of water, wastewater and storm drainage products based in Waite Park, Minnesota. The acquisition expands Core & Main’s presence and capabilities in central Minnesota and brings Granite’s local relationships and team into Core & Main’s national specialty distribution network.

Star Equity Holdings, Inc. (Nasdaq: STRR) has completed the acquisition of Big Lake Lumber, Inc., a Minneapolis-based building supply center and lumber yard, effective October 31, 2023. Big Lake will be integrated into Star’s Glenbrook Building Supply business as a bolt-on to expand Glenbrook’s regional footprint and add single‑family residential revenue.

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have acquired Allstar Services, a Minneapolis-area full-service residential exterior replacement and repair provider. MSCP is partnering with Allstar's management led by Chairman Pete Carlson to scale the business nationally and pursue add-on acquisitions across the residential exterior services segment.

Milwaukee-based private equity firm Borgman Capital has acquired Minnesota Tile & Stone (MTS) and will merge the business into its existing portfolio company, K.G. Stevens. The deal expands the combined company’s Midwest footprint and product offerings; Jason Gaare was named president of K.G. Stevens and MTS owner Alan Dale retired as part of the transaction.

Renovo Home Partners has acquired Minnesota Rusco, a New Hope, Minnesota-based direct-to-consumer home improvement company offering windows, doors, siding, bath and kitchen remodeling. The acquisition expands Renovo’s platform into the Midwest and adds a long-standing regional brand to its portfolio; Angle Advisors served as exclusive advisor to Minnesota Rusco.

ShoreView Industries has acquired Crown Products, Inc., a specialty distributor of flooring and flooring installation products headquartered in Bloomington, Minnesota, from WILsquare Capital. Northstar Capital provided junior capital/co-investment to help finance the transaction; terms were not disclosed. The deal supports continued expansion of Crown's branch network, e-commerce capabilities, and product offering.

Dakota Fence of Fargo, North Dakota has acquired Town & Country Fence, a Brooklyn Park, Minnesota-based fencing contractor, from Oxbow Industries, LLC. Oxbow, a middle-market private equity firm, sold its portfolio company as Dakota Fence expands its footprint in the Twin Cities market; Oxbow retains an ownership interest in MN Fence Supply.

Harbour Group, a privately owned operations-focused company based in St. Louis, has acquired DecksDirect, a Minneapolis-based direct-to-job-site e-commerce distributor of premium deck products. DecksDirect founder Blair Budlong will remain CEO; Harbour Group said the acquisition will strengthen DecksDirect's market position and support accelerated growth.

LafargeHolcim in the United States, through its Aggregate Industries operations, has acquired Marshall Concrete Products, a longtime Minneapolis/St. Paul concrete producer. Marshall Concrete, founded in 1936 and employing more than 60 people, will join LafargeHolcim’s US portfolio to strengthen its residential and light commercial concrete offerings in the Twin Cities market.

UFP Industries, through a subsidiary of UFP Construction, has acquired the assets of Endurable Building Products, a Minnesota-based manufacturer of customized structural aluminum systems for decks, balconies and railings. The acquisition adds Endurable's alumiLAST® product line and experienced leadership to UFP's construction segment and expands UFP's offerings in the multifamily construction market; Endurable reported approximately $15 million in sales in 2020 and its leadership will remain with the business.

American Construction Source (ACS), the national LBM distribution platform backed by Angeles Equity Partners and Clearlake Capital, acquired Foley Lumber and Milaca Building Center in Minnesota. The bolt-on deal expands ACS's building materials distribution capacity and local service footprint in North Central Minnesota and the greater Minneapolis–St. Paul market; financial terms were not disclosed.

US LBM has acquired Villaume Industries, a precision wood products manufacturer based in Eagan, Minnesota. The acquisition expands US LBM’s footprint and manufacturing capabilities in the Twin Cities market; Villaume will operate as a unit of Lyman Companies within US LBM’s Minnesota network.

All-Fab Building Components LP (the All-Fab Group), a Winnipeg-based building solutions platform owned by PFM Capital and Roynat Equity Partners, acquired 100% of Littfin Lumber Co. of Winsted, Minnesota on October 1, 2020. The acquisition expands All-Fab's footprint and product offering in engineered structural building components for residential, commercial and agricultural markets in the U.S. Midwest.

Artisan Design Group (a portfolio company of The Sterling Group) has acquired Value Plus Flooring, LLC, a regional provider of flooring installation services serving the Minneapolis–Saint Paul area. The acquisition expands ADG's Midwest footprint and scale as an add-on to the ADG platform under Sterling's ownership.

Tangent Technologies, a portfolio company of The Sterling Group, completed the acquisition of Bedford Technology at the end of February. The deal brings together two recycled HDPE plastic-lumber manufacturers, expanding Tangent's product lines, North American facility footprint and sustainable manufacturing capabilities.

GHK Capital Partners, a Greenwich, Connecticut-based private equity firm, completed the acquisition of Dura Supreme Cabinetry from the company's second-generation founding family. Dura Supreme is a vertically integrated manufacturer of premium semi-custom and custom cabinetry based in Howard Lake, Minnesota; GHK said the investment will support the company's operating platform and accelerate strategic growth into new U.S. markets.

American Construction Source (ACS), a national building materials platform backed by Angeles Equity Partners and Clearlake Capital Group, has acquired Freeborn Lumber Company of Albert Lea, Minnesota. Freeborn will operate under the Arrow Building Center brand, expanding ACS's geographic reach into southern Minnesota and northern Iowa; financial terms were not disclosed.

Keystone Capital completed an investment partnership with KENDELL Doors & Hardware in June 2019, taking a private equity stake to support the company’s growth and consolidation strategy. The investment will help KENDELL expand geographically and pursue add-on acquisitions in the security, door hardware and access control markets while supporting organic growth and service capabilities.

American Construction Source (a Clearlake portfolio company), together with Angeles Equity Partners, acquired Arrow Building Center (also known as Consolidated Lumber Company) from Aiglon Capital. Based in Stillwater, Minnesota, Arrow operates 16 branches across Wisconsin and Minnesota and serves more than 1,000 professional contractors, home builders and DIY customers; the deal was an add-on to ACS’s platform to expand its Midwest footprint.

Consolidated Lumber Company, doing business as Arrow Building Center, acquired Fullerton Lumber Company from Plymouth, Minnesota-based Fullerton Companies. The Fullerton family engaged Cherry Tree & Associates to run the sale process so Fullerton could exit the lumber and building materials business and focus on its factory-fabricated building systems and finishes operations.

US LBM Holdings, LLC has acquired Lampert Lumber of St. Paul, Minnesota from fourth-generation owner Dan Fesler, who will remain as an advisor. The acquisition adds Lampert's 33 locations in the Upper Midwest to US LBM's multi-brand building products platform, supporting geographic expansion and continued investment in Lampert's operations.