Wednesday, April 17, 2024

Mid-Atlantic Acquisition by US LBM Company

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Homestead Building Systems has recently joined forces with US LBM to enhance their truss and wall panel manufacturing capabilities in the Mid-Atlantic region. US LBM President and CEO, L.T. Gibson, expressed enthusiasm about the partnership and highlighted Homestead Building Systems’ strong reputation for providing top-quality service and products.

This acquisition has allowed US LBM to expand its presence in Virginia, now operating two truss manufacturing facilities in the state. Additionally, the company operates five locations under the Barrons banner in the Washington D.C. metro area, including a truss facility, and two locations in the Richmond area under the Massey Builders Supply brand.

Financial advisory services for the partnership were provided by Anchor Peabody Advisory Services, Inc. This collaboration is expected to support the growing housing markets in the greater D.C. metro area and eastern Virginia, providing customers with enhanced products and services from the combined expertise of Homestead Building Systems and US LBM.

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