Builders FirstSource acquires Schoeneman’s Building Materials Center in strategic move

1stWEST Mergers and Acquisitions, a leading investment bank in the building material sector, announced that its client, Schoeneman’s Building Materials Center, has been successfully acquired by Builders FirstSource (NYSE: BLDR). The acquisition, which was finalized within a swift 45-day period following the signing of the letter of intent, showcases Builders FirstSource’s efficient due-diligence processes.

Schoeneman’s, a company with a rich history dating back to 1888, has been a staple in the South Dakota and Iowa communities, offering a wide selection of building materials and products. Known for its experienced staff and exceptional customer service, Schoeneman’s has built a reputation as a trusted provider in the building materials sector. This acquisition by Builders FirstSource, a national leader in the supply of building materials, aims to enhance the services and reach of both companies.

John D. Wagner, Managing Director at 1stWEST M&A, commented on the transaction, “M&A activity in the LBM (lumber and building material) sector has never really slowed down, despite the volatility of interest rates. Great companies continue to find excellent acquisition values, and acquirers clearly have the liquidity to add to their portfolios.” Wagner highlighted the strategic value of Schoeneman’s acquisition, describing the company as a “real gem” within the industry.

1stWEST M&A is a full-service international investment banking and advisory firm focused on the lower middle-market. The firm has facilitated transactions totaling more than $1.4 billion in deal values and offers a unique business solutions platform that assists owners and shareholders in selling companies, acquiring other businesses, and raising growth capital. With Managing Directors in the US, Mexico, Panama, Peru, Brazil, Argentina, and Chile, 1stWEST M&A boasts a strong global presence to effectively serve its diverse clientele.

The acquisition of Schoeneman’s by Builders FirstSource is indicative of the ongoing robust activity in the lumber and building material sector. This transaction not only underscores the liquidity and investment appetite in the market but also highlights the strategic consolidations that are shaping the industry’s future. As companies like Builders FirstSource continue to expand their market presence, the sector can expect to see more mergers and acquisitions as key players strive to enhance their service offerings and geographic reach.