Building Products Acquisitions in Oklahoma

GMS Inc. has completed the acquisition of the assets of Brown Machinery, a commercial and residential supplier of EIFS, stucco, concrete block and masonry products with four locations serving Oklahoma and North Texas. Brown Machinery will continue to operate under its existing brand with General Manager Justin Owens remaining in place as GMS expands its distribution coverage of complementary products in Oklahoma and surrounding markets.

RW America LLC, a portfolio company of Strength Capital Partners, has acquired All American Building Products, a Tulsa-based distributor of siding, windows, doors and gutters. The deal is an add-on to RW America's platform, expanding its product offering and Midwest footprint to better serve professional contractors across single-family, multi-family and repair & remodel markets.

Heritage Distribution Holdings, the U.S. platform for Beijer Ref AB, has agreed to acquire the assets of AMSCO Supply, a family-owned wholesale HVAC distributor headquartered in Tulsa, Oklahoma. AMSCO, which has roughly $45 million in annual sales and about 50 employees, will continue to operate under its own brand with existing management rolling over an ownership stake; the deal expands Heritage Distribution's U.S. footprint into adjacent Midwest and Southwest territories.

White Cap, a distributor of specialty construction supplies, has signed a definitive agreement to acquire BrownCo Manufacturing & Sales, a distributor of specialty concrete products serving commercial and highway/bridge contractors across Oklahoma. The deal expands White Cap’s product and service footprint in Oklahoma and brings BrownCo’s customer relationships and local capabilities into White Cap’s branch network.

Snavely Forest Products, a subsidiary of MacArthur Company, entered into a definitive agreement to acquire Mid-States Wholesale Lumber Company, an Oklahoma City-based wholesale lumber and building products distributor. The deal, expected to close by December 30, 2022, will preserve the Mid-States name and management while expanding Snavely's geographic footprint in the Midwest.

Longwater Opportunities, an operationally focused private equity firm, has acquired Jetta Corporation, an Edmond, Oklahoma-based manufacturer of acrylic bathtubs. Terms were not disclosed; Jetta was owned by a consortium of 43 investors and was represented in the sale by ClearRidge.

Morton Buildings, Inc. acquired Burrow's Post Frame Supply, a Fort Gibson, Oklahoma-based supplier of materials, estimating and logistics services for post-frame builders. Burrow's was a portfolio company of Woodlawn Partners; XLCS Partners served as exclusive advisor to Burrow's and the transaction closed on September 30, 2022.

Stonebridge Partners completed a recapitalization of Godwin Formwork Solutions, with equity capital provided by Stonebridge, Five Points Capital, 747 Capital and company management and debt financing provided by Regions Bank and Five Points Capital. Founder Chad Godwin remains CEO and retained the largest individual ownership stake; Stonebridge plans to support growth of Godwin's branch network across targeted Midwest and Southwest U.S. markets. The transaction closed April 7, 2022.