Building Products Acquisitions in South Dakota

Builders FirstSource (NYSE: BLDR) has acquired Schoeneman's Building Materials Center, a long-established lumber and building materials dealer headquartered in Sioux Falls, South Dakota. 1stWEST M&A served as advisor to Schoeneman's; the acquisition—completed within 45 days of signing the letter of intent—transfers the business from the Schoeneman family to Builders FirstSource.

Crown Products, a portfolio company of St. Louis-based private equity firm WILsquare Capital, has completed the acquisition of Tri-State Wholesale Flooring, LLC, a flooring distributor based in Sioux Falls, South Dakota. The add-on deal expands Crown's product offering and regional footprint across the Upper Midwest; terms were not disclosed.

Fortune Brands Home & Security, Inc. agreed to acquire LARSON Manufacturing for approximately $660 million, adding the North American storm, screen and security door leader to its newly renamed Outdoors & Security segment. LARSON, headquartered in Brookings, South Dakota, with roughly $390 million in revenue and about 1,200 employees, expands Fortune Brands' outdoor living and door product portfolio and is expected to be immediately accretive to earnings.