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US LBM Acquires Higginbotham Brothers

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https://s33009.pcdn.co/news/operations/mergers-acquisitions/us-lbm-acquires-higginbotham-brothers/?utm_source=rss&utm_medium=rss&utm_campaign=us-lbm-acquires-higginbotham-brothers

Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Monday announced it has acquired Higginbotham Brothers, an Comanche, Texas-based dealer with 38 locations in Texas and two in Oklahoma. Financial terms of the deal weren’t disclosed.

With this acquisition, US LBM now operates more than 320 locations nationwide.

Higginbotham Brothers dates to 1881, when the company opened its first general store in Texas. Today, the distributor supplies professional builders, remodelers and do-it-yourselfers with lumber and specialty building products, including hardware, windows, doors, plumbing materials and interior/exterior paint. Corby Biddle will continue to lead Higginbotham Brothers’ day-to-day operations as president and general manager.

“Both Higginbotham Brothers and US LBM are about putting people first, from customers, to employees, to our local communities,” said Biddle. “We’re excited to join US LBM and for the benefits this partnership will bring, such as new tools and training for our employees and access to a wider range of specialty building products and manufacturers for our customers.”

Added US LBM President and CEO L.T. Gibson: “Higginbotham Brothers is focused on building relationships and providing customers with the best products, service and knowledge, making them a perfect fit for us. This acquisition expands our network into Oklahoma, and with nearly 60 locations between Higginbotham Brothers and Parker’s Building Supply, US LBM now has a significant presence across the rapidly growing Texas construction market.”

The post US LBM Acquires Higginbotham Brothers appeared first on Modern Distribution Management.

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