Building Products Acquisitions in North Carolina

Artisan Custom Closets, part of the Artisan Family of Brands, has acquired Queen City Closets, a Charlotte-based provider of custom storage systems. The deal gives Artisan an entry into the Charlotte market and expands the platform's footprint and operational capabilities across the Southeast.

SiteOne Landscape Supply, Inc. completed the acquisition of French Broad Stone Yards, a wholesale distributor of hardscape products with locations in Arden and Brevard, North Carolina. The deal expands SiteOne's presence in the North Carolina mountain region and brings the local French Broad team into SiteOne's national distribution network.

SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Red's Home & Garden, a single-location wholesale distributor of nursery and hardscape products in Wilkesboro, North Carolina. The acquisition provides SiteOne a strategic entry into North Carolina's Appalachian market and expands its footprint to better serve residential and commercial landscape professionals.

TopBuild Corp. acquired Specialty Products and Insulation (SPI) from Incline Equity Partners in an all-cash transaction valued at $1.0 billion. The acquisition expands TopBuild’s geographic footprint and mechanical insulation fabrication capabilities, adds ~90 branches and ~1,000 employees, and increases TopBuild’s exposure to recurring maintenance and repair revenue.

Installed Building Products, Inc. (IBP) has acquired Carolina Precision Fibers ACP, LLC (CPF), a manufacturer of cellulose-based insulation, hydromulch and composite fiber products based in Ronda, North Carolina. The acquisition adds over $20 million of annual revenue and expands IBP's direct access to environmentally responsible insulation materials across multiple U.S. regions.

Integrated Openings Solutions (IOS), a Frontenac-backed provider of commercial door openings and integrated security solutions, has acquired B.A. Hoft, Inc., a Raleigh-based supplier of doors, frames, hardware and Division 10 specialties. The deal expands IOS's operational footprint into the Raleigh/Durham market and strengthens its regional capabilities and service offerings across the Southeast.

StormTrap, a PSP Capital-backed provider of stormwater management systems, has acquired Faircloth Skimmer, a Hillsborough, North Carolina-based manufacturer of floating surface-drain dewatering devices. Faircloth will operate as a subsidiary with existing management remaining in place; the acquisition adds Faircloth's patented skimmer technology to StormTrap's product portfolio to broaden stormwater treatment capabilities and market reach. The deal is an add-on to the StormTrap platform and was sold by Aiglon Capital.

R.W. Beckett Corporation has acquired Thermo Products — including its Thermo Pride brand and manufacturing facilities in Denton, North Carolina — as well as Norwood Manufacturing in Norwood, North Carolina. The acquisition expands Beckett's heating-product portfolio and manufacturing capabilities as the company pursues high-efficiency and B100-capable furnace solutions.

Kodiak Building Partners has acquired New River Building Supply & Lumber Company, a long-standing provider of building materials in North Carolina's High Country (Boone and Banner Elk). The acquisition expands Kodiak's footprint in the developing Southeast market while New River will continue operating locally with support from Kodiak's national resources; BDO Capital Advisors and McGuire Wood & Bissette advised New River on the deal.

Exceptional Cabinets LLC, a high-end custom cabinetry company based in Charlotte, North Carolina, was acquired by individual buyer Jeffrey Raynor in a private, off-market sale facilitated by Viking Mergers & Acquisitions. Seller Jared Burr, who transformed the business after acquiring it in 2021, is exiting to pursue a dental-office software venture; the company is positioned for continued growth under Raynor's ownership.

Artisan Custom Closets has acquired Carolina Closets Plus, a Hillsborough, North Carolina-based provider of custom closets and home storage solutions. The deal expands Artisan’s Artisan Family of Brands footprint across the Southeast and brings Carolina Closets Plus’ local manufacturing and installation capabilities into Artisan’s platform.

US LBM has acquired Beach Window and Door, a Calabash, North Carolina-based supplier of windows, doors and specialty building products serving the Myrtle Beach area. Beach Window and Door will operate as part of US LBM's Professional Builders Supply division while founders Harvey Sutton and David McPherson continue to run day-to-day operations.

Door Pro America, a portfolio company of Rotunda Capital Partners, has acquired American Garage Door Systems (AGDS), a family-owned residential garage door installer headquartered in the Charlotte, North Carolina area. The transaction is an add-on to Door Pro's platform and supports the company's strategic expansion into North Carolina.

The Cook & Boardman Group LLC has acquired Jones Doors & Windows, Inc., a Mocksville, North Carolina-based manufacturer and supplier of interior and exterior pre-hung doors, windows, molding, trim, and hardware. Terms were not disclosed; Jones will continue to operate under its existing name. The deal is Cook & Boardman's eleventh acquisition under Platinum Equity's ownership and expands C&B's footprint and manufacturing capabilities in the Southeastern U.S.

Cornerstone Capital Partners completed a recapitalization of RidgeRock Retaining Walls, a Charlotte-based distributor of proprietary segmental concrete blocks and retaining wall components. Source Capital and Everside Capital Partners provided debt and equity financing to support the transaction.

Installed Building Products, Inc. (IBP) acquired Tatum Insulation III, LLC, an insulation and interior building-products installer headquartered just outside Wilmington, North Carolina. The acquisition adds over $17 million of annual revenue and expands IBP’s geographic footprint and presence with single-family, multi-family and commercial customers throughout North Carolina.

Integrated Openings Solutions (IOS), a Frontenac-backed specialty distributor of commercial door and access control solutions, has acquired B.A. Hoft of Charlotte, Inc., a Mooresville, North Carolina-based supplier of architectural hardware, doors and Division 10 specialties. The deal expands IOS's service footprint and capabilities in the Southeast while keeping Chris King in place as President of the acquired business.

Vulcan Materials Company has entered into a definitive agreement to acquire Wake Stone Corporation, a leading pure‑play aggregates supplier in the Carolinas. The acquisition expands Vulcan’s aggregates footprint and reserves—notably serving the Raleigh, North Carolina area—and is expected to close later this year subject to customary conditions.

KNK Holdings Group, Inc., an acquisition entity based in Troutman, North Carolina, acquired Pro-San Maintenance Supply, Inc., a Durham-based distributor of building maintenance products. The transaction closed August 30, 2024; KNK was formed by two entrepreneurs to acquire Pro-San and other North Carolina distribution businesses.

Culpeper Wood Preservers, a leading producer of pressure-treated wood, has acquired Pleasant Garden Dry Kiln Company in Pleasant Garden, North Carolina. The acquisition adds additional hardwood and softwood drying capacity and expands Culpeper Wood’s capabilities and distribution coverage across the Southeast, Northeast and Midwest.

Walker Glass Company Ltd., a portfolio company of Ironbridge Equity Partners, has acquired Gardner Glass Products Inc. (Dreamwalls), a North Carolina–based decorative glass and mirror manufacturer serving commercial interiors. The companies will continue to operate independently while pursuing combined growth opportunities, complementary product offerings and geographic synergies.

Alpine Investors launched Cobalt Service Partners, a new platform focused on access solutions, and Cobalt announced the acquisition of Piedmont Door Solutions, a commercial doors design, installation and maintenance provider founded in Charlotte, North Carolina. Piedmont's leadership will remain in place under Cobalt ownership as the business joins the platform to accelerate organic growth and expand its geographic reach.

The Building Center, Inc., a privately held building materials supplier based in Pineville, North Carolina, has acquired Contractors Building Supply, Inc., which operates locations in Monroe and Ocean Isle Beach, North Carolina. The acquisition expands The Building Center's reach into central and coastal North Carolina; financial terms were not disclosed.

Platinum Equity has signed a definitive agreement to acquire a majority interest in The Cook & Boardman Group from Littlejohn & Co., with Littlejohn remaining a significant minority shareholder. Cook & Boardman, based in Winston-Salem, North Carolina, is a leading distributor of commercial doors, frames, hardware and electronic security integration solutions with more than 70 locations across 21 states; Platinum Equity said it will support the company's continued growth and expansion in safety and security capabilities.

Tysinger Acquisitions has acquired RidgeRock Retaining Walls Systems, a Charlotte, North Carolina-based maker of engineered concrete retaining wall systems. Boutique investment bank 7 Mile Advisors served as exclusive sell-side advisor; the deal transitions the company founded by Jim Martin and Curtis Shillingbur to new ownership as the founders move to the next phase.

The Building Center, Inc., a privately held building material supplier based in Charlotte, North Carolina, has acquired Mountain Lumber Company, Inc., a lumber and hardware dealer near Boone, North Carolina. The acquisition expands The Building Center's service area into North Carolina's High Country as well as parts of Tennessee and southwest Virginia and is the company's sixth acquisition in seven years.

The Oxford Group, a Minnesota-based family office and private equity firm, has acquired Appalachian Truss of Burnsville, North Carolina, from owner Kevin Birkmayer. The acquisition is The Oxford Group's second truss-manufacturer purchase (following Garfield Truss Systems in 2021) and is intended to expand manufacturing capacity and apply the firm's operational system to grow the business.

Alcrete Industries, a Pell City, Alabama-based precast concrete manufacturer, has acquired Cape Fear Precast, a Jacksonville, North Carolina NPCA-certified precast concrete plant. Midwest Mezzanine provided subordinated debt financing to support Alcrete's acquisition, which expands Alcrete's production footprint and product portfolio in the Southeastern U.S.

US LBM, a leading privately owned distributor of specialty building materials, has acquired Comtech, a North Carolina-based manufacturer of structural roof and floor trusses and engineered wood products. Comtech will operate within US LBM’s Professional Builders Supply division, expanding US LBM’s manufacturing capabilities and service footprint across key markets in the Carolinas.

Blue Ridge Construction Capital LLC, in partnership with aggregate industry veteran Anthony Minshew, acquired Matthews Sand and Gravel and Edge Aggregates, LLC and combined them to form Matthews-Edge Sand, a leading supplier of construction and concrete sand serving the Raleigh, North Carolina market. BRCC said the investment creates a market-leading platform in the Carolinas with plans to grow through organic investment and add-on acquisitions to expand capabilities and market share.

Outdoor Living Supply (OLS), a Trilantic North America‑backed distribution platform for outdoor living products, has acquired Stone Garden, an independent distributor and stone yard based in Wilmington, North Carolina. The add-on expands OLS's footprint in the Carolinas and brings the company's first coastal North Carolina location to the platform; Stone Garden founder Nina Brown will remain leading the business.

Southeast Building Supply Interests (SBSI), a platform company of Building Industry Partners (BIP), has acquired Haywood Builders Supply in Waynesville, North Carolina. The acquisition expands SBSI’s presence in the greater Asheville area (its second location there) and grows the platform to ten locations while continuing the company’s employee equity ownership program and promoting Haywood leadership into the SBSI organization.

Clayton, Dubilier & Rice (CD&R) has completed its acquisition of Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, in an all-cash transaction with an enterprise value of approximately $5.8 billion including assumed debt. Cornerstone, headquartered in Cary, North Carolina and employing more than 20,000 people, will become a privately held company under CD&R to pursue operational improvements and accelerated growth.

Impact Property Solutions, a Dallas-based portfolio company of Blue Sage Capital, has acquired Multi Floors, a Raleigh, North Carolina provider of flooring products and installation services focused on multifamily and retail customers. The transaction is an add-on to Impact's Sun Belt roll-up strategy to expand its North Carolina footprint and service coverage in the Raleigh–Durham market.

Fastco of Charlotte (JLL49RS, L.L.C.), a Charlotte-based tool and fastener distributor serving commercial glazing, industrial and government customers, was sold to a private investor on April 7, 2022. Generational Equity advised the seller and CIBC assisted the buyer with acquisition funding.

Installed Building Products, Inc. (IBP) acquired Pisgah Insulation and Fireplaces of NC, LLC, a Mills River, North Carolina-based installer of spray foam and fiberglass insulation and fireplaces. The acquisition adds approximately $8.5 million of annual revenue and expands IBP's presence in the Asheville, North Carolina market.

Mayfair Capital Partners, a division of Oxford Financial Group, has acquired Tile Redi Holdings, LLC, a Charlotte-based manufacturer of one-piece, ready-to-tile shower pans; the investment closed on February 28, 2022 for undisclosed terms. The capital will support Tile Redi's growth and broaden its distribution and manufacturing capabilities while founder Joe Cook remains a meaningful shareholder and CEO Sean Boes continues to lead the business.

Saw Mill Capital (and affiliated investment funds) completed an acquisition/investment in Versatrim, a Henderson, North Carolina-based manufacturer of coordinated laminate and vinyl floor moldings and trim. The transaction closed on December 20, 2021 (terms undisclosed); Saw Mill plans to partner with management to support product, capability and growth investments.

Pittsburgh-based private equity firm Incline Equity Partners has made an investment in Specialty Products and Insulation (SPI), a Charlotte-headquartered value-added distributor and fabricator of insulation products. Incline will support SPI’s growth plan — including accelerated M&A, greenfield expansion and investments in systems and operations — to expand capabilities and geographic reach.

Incline Equity Partners has acquired Specialty Products and Insulation (SPI), a Charlotte-based value-added distributor and fabricator of insulation and complementary products, from Dunes Point Capital, LP. SPI operates 59 distribution branches and 16 fabrication facilities serving commercial, industrial and residential markets across the U.S. and Canada and will expand Incline's footprint in building-products distribution and specialty fabrication.

Colony Hardware, a direct-to-jobsite distributor backed by Audax Private Equity, has acquired Jarco Supply, a North Carolina-based distributor of erosion control, geotextile, stormwater, and concrete/masonry products. The acquisition expands Colony's distribution footprint into North Carolina and represents the company's 23rd acquisition overall and ninth since partnering with Audax.

US LBM has acquired Professional Builders Supply, a building materials distributor operating 12 locations across North and South Carolina. The acquisition expands US LBM’s footprint in the Carolinas and brings Professional Builders Supply’s installation and commercial capabilities into US LBM’s national platform; Van Isley will continue to lead PBS’s day-to-day operations.

Cornerstone Building Brands, the largest North American manufacturer of exterior building products, has entered into and completed the acquisition of Union Corrugating Company Holdings, Inc., a metal roofing and components manufacturer headquartered in Fayetteville, North Carolina. The deal—funded with cash on hand—adds UCC's ~700 employees and roughly $250 million in trailing twelve-month sales to Cornerstone and expands the company's offerings into the high-growth residential metal roofing market while delivering manufacturing scale benefits.

Impact Floors, a Dallas-based platform backed by Blue Sage Capital, has acquired Got You Floored, a Greensboro, North Carolina provider of flooring products and installation services serving multifamily properties, developers and retail homeowners. The deal is Impact's first add-on since Blue Sage's investment and will serve as a platform to expand Impact's geographic footprint across the Carolinas and the broader Southeast; founder Matt Ketterman will remain with the business to support growth.

Salt Creek Capital has acquired Brave Quest Corporation, which does business as eLogHomes, a North Carolina–based designer, manufacturer and direct-to-consumer seller of proprietary log home material packages. The founder, Richard Spoor, will remain involved in an advisory role as Salt Creek works with new leadership to expand capabilities and U.S. presence.

Durham, North Carolina-based SIS Group LLC (formerly SBC Group) has acquired NexGen Fibers, LLC, a supplier of Hydro‑Bond hydrophilic nylon fiber and Vulcan basalt reinforcement bars. The acquisition adds a warehouse and processing capability, enabling SIS Group to vertically integrate supply of critical reinforcement materials and expand its North American materials business.

Metal-Era LLC, based in Waukesha, Wisconsin, acquired the metal roof edge product line, manufacturing operation, plant, equipment, team and brand rights for Hickman from OMG Roofing Products. The Asheville, North Carolina manufacturing operation and Hickman brand will be rebranded as Hickman Edge Systems LLC and integrated into Metal-Era’s product portfolio to expand its perimeter edge metal offering.

US LBM has agreed to acquire Jennings Builders Supply & Hardware, a four-location building products dealer in western North Carolina. The deal, which US LBM expects to close by year-end, will expand US LBM's footprint in the Carolinas while keeping Jennings' existing leadership in place.

Polycor Inc., the world's largest natural stone quarrier, has agreed to acquire North Carolina Granite Corporation (NCGC), a leading quarrier and producer of White Mount Airy Granite based in Mount Airy, North Carolina. The deal — expected to close before the end of 2020 and subject to closing conditions — expands Polycor's geographic footprint and product portfolio; NCGC operates since 1889 with roughly 80 employees.

Aiglon Capital has acquired J. W. Faircloth & Son, Inc. (Faircloth), the Hillsborough, North Carolina–based designer, manufacturer and distributor of surface drains and sediment-control skimmers for the construction industry. Aiglon said it will support Faircloth's product development and entry into new product categories and may pursue select add-on acquisitions to grow the business.