Lyman Lumber Acquired by BlackEagle PartnersNovember 1st, 2011 | Category: Industry News
BlackEagle Partners has acquired the Midwest operations of Lyman Lumber Company, including its Chanhassen location, Automated Building Components, Carpentry Contractors Corp., and Lyman Lumber of Wisconsin. The transaction was effective October 28, 2011. BlackEagle Partners is the owner of US LBM Holdings, a collection of eight building products distributors serving the Midwest, Northeast, and Mid-Atlantic in nine states with more than 40 locations.
Lyman, headquartered in Excelsior, Minn., serves the Minneapolis-St. Paul metropolitan area as well as Eau Claire, Wis. Lyman employs more than 500 people with annual sales exceeding $100 million.
Lyman’s vice president of operations, Dale Carlson, will remain with the business in his new role as president.
“The breadth of products and quality of services offered by all of our business lines at Lyman will only improve through our partnership with US LBM,” he says.
“The acquisition of Lyman furthers our commitment to US LBM as a platform in the building supply industry and represents a perfect example of BlackEagle’s strategy of increasing value through acquisition,” says Bryan Tolles, vice president of BlackEagle.