"Our business has grown successfully for more than 45 years, and joining U.S. LBM will take us to the next level," said Ridout President Ross Ridout. "We're excited about the new opportunities this partnership will create for our employees and customers."
"Over the decades, Ridout has grown into a premier building materials company, and we're thrilled to welcome them to the U.S. LBM family," said U.S. LBM President and CEO L.T. Gibson. "This new partnership allows us to continue delivering on our strategy of bringing local market leaders together while also expanding our portfolio into new and growing markets across the country."
Ridout was advised on the transaction by Stephens Inc., Friday, Eldredge, & Clark LLP and Bill Williamson. U.S. LBM was advised by KPMG LLP and Honigman Miller Schwartz and Cohn LLP.
U.S. LBM is one of the largest specialty building materials distributors in the United States and recipient of the 2015 ProSales Dealer of the Year award. U.S. LBM operates a network of leading specialty building material distributors across the United States with operating locations in 29 states. U.S. LBM implements the philosophy of local management and leadership to capitalize on the premier reputation of its operating companies and local customer relationships. To learn more about U.S. LBM, visit www.uslbm.com.
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SOURCE U.S. LBM