US LBM, which is backed by BlackEagle Partners, has acquired John H. Myers & Sons. Financial terms were not disclosed. York, Pa.-based Myers operates six building products stores throughout south
central Pennsylvania and northern Maryland. US LBM is a building products distributor that serves the Midwest, Northeast and Mid-Atlantic.
John H. Myers & Son became a part of the US LBM family of
companies effective July 6, 2011. US LBM is a collection of seven building products distributors serving
the Midwest, Northeast, and Mid-Atlantic in eight states with more than 35 locations. US LBM, owned
by private equity group BlackEagle Partners, is one of the fastest growing suppliers of building products
in the United States.
Myers, headquartered in York, Pennsylvania, operates six building products stores throughout south
central Pennsylvania and northern Maryland with showrooms featuring kitchens, flooring, windows,
doors, and other products for the builder, remodeler, and consumer. In 2010, sales exceeded $55 million
and the company is on track to exceed that pace in 2011. Myers provides solutions respected by its
customers due its breadth of products, knowledgeable associates, and extensive service capabilities.
US LBM was attracted to Myers due to its leading position as a partner to custom and regional
homebuilders as well as professional remodelers. Each of the US LBM member companies enjoys
leadership positions in their markets. Myers will continue to operate as John H. Myers & Son with its
same workforce and base of retail locations. US LBM provides Myers with capital and back office
support to enable growth.
LT Gibson, CEO of US LBM, shared that, “The Myers family has established a terrific reputation in the
building products industry. Their customer base, product breadth, and superior service model all align
nicely with our strategic profile. We are excited about their growth potential going forward.”
“John H. Myers & Son has played an important role in the growth of our communities since its founding
in 1916. My family and I are excited about this new chapter for the company. Our customers, vendors,
and employees will benefit from our ability to access resources made available by a partnership with US
LBM,” said Bob Myers III, a fourth generation family owner. Mr. Myers will continue to be a part of the
senior leadership team.
Bob Wood, the President of Myers added, “For this last six years I have enjoyed leading the Myers team
of highly respected building products sales and service professionals. I look forward to leveraging the
knowledge of LT Gibson and the other operating company presidents within US LBM that will allow us
to enhance its range of solutions for our customers.”
About BlackEagle Partners
BlackEagle Partners, with offices in New York and Bloomfield Hills, MI, is a private equity firm focused
on investing in businesses that can benefit from operational expertise. BlackEagle targets enterprises in a
broad range of industries that are underperforming or distressed, as well as non-core subsidiaries of larger
businesses and companies in out-of-favor markets.