Acquisition Consolidates ABS Strength in Central Florida Market
Sanford, FL, February 8, 2012 — American Builders Supply (“ABS”), the largest independent supplier of doors, windows and trusses to homebuilders in Florida, acquired Clermont Builders Supply, Inc. (“CBS”), the company announced today. Terms of the transaction were not disclosed. ABS is owned by an affiliate of Blue Wolf Capital Fund II, L.P. (“Blue Wolf”).
CBS is a 67-year old, third generation family-owned company with an excellent reputation in the central Florida market. It supplies materials and services including lumber, doors, millwork, trusses, and wall panels.
This acquisition comes on the heels of ABS absorbing two other area competitors in October of 2011.
Chad Barton, Chairman of ABS, said, “This is a wonderful opportunity for ABS. CBS is a very well respected company and we are pleased to combine forces to offer our customers an expanded product line and the quality service they have come to expect from both companies.” Paul Haefcke, CEO of ABS, added, “The addition of CBS is a significant step in our company’s path to becoming the premier independent building supply company in the State of Florida. We are now even better-positioned to benefit from increasing activity in the Florida housing market.”
In conjunction with the transaction, David Wallace has joined ABS as its Vice President of Sales and Tad Wolfe has joined ABS as Vice President, Lumber and Truss Operations. Mr. Wallace was most recently Vice President of Sales and Marketing at CBS. He is a certified General Contractor in the State of Florida and has worked in the construction industry since 1980. Mr. Wolfe was most recently President of CBS. He has spent his entire career at CBS, where he has run all phases of the business, from concrete and block to lumber and trusses.
Mr. Wallace commented, “This will be a great move for our business. ABS shares our philosophy of caring about customers, employees and the community and we look forward to being a part of their team.”
About American Builders Supply
ABS (www.americanbuildsupply.com) is the largest independent supplier of doors, windows and trusses to homebuilders in Florida, and the preeminent supplier in Central Florida for over 15 years. The company services customers throughout North and Central Florida from its Sanford headquarters (outside of Orlando) and from three additional manufacturing and distribution facilities located in Winter Haven, Melbourne and Jacksonville. Through its Melbourne and Sanford facilities, ABS also offers custom doors and molding products for specialty homebuilders and retail customers.
About Clermont Builders Supply
Clermont Builders Supply (CBS) headquartered in Clermont, Florida was founded by the Wolfe Family and has delivered cost-effective construction solutions using state-of-the-art technologies since 1945.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that invests in companies where a combination of organizational, social, and economic factors exist that others find difficult to manage. For additional information, please visit www.blue-wolf.com.