Specialty Building Products to Acquire DW DistributionOctober 12th, 2021 by Editor
Specialty Building Products (SBP), a North American distributor of specialty building products, has signed a definitive agreement to acquire DW Distribution Inc., a regional distributor of building materials and millwork products. Financial terms of the transaction were not disclosed.
Founded in 1955, DW Distribution is a third-generation, family-run distributor of building materials, millwork products and door units, serving customers in Texas, Oklahoma, Louisiana, Arkansas and New Mexico. It has expanded its millwork capabilities over the past year, as has SBP, with its recent move to acquire Reeb Millwork. This transaction deepens SBP’s offering in the door category and represents its continued efforts to invest in high-performing and complementary businesses that enable geographic and market segment expansion.
“DW Distribution is a tremendous addition to SBP,” said Jeff McLendon, president and CEO of Specialty Building Products. “The Potter Family and their team at DW have created an organization that is the leading specialty products distributor in its region. Trusted by loyal customers and focused on making a difference in the lives of their employees, DW Distribution aligns with our culture and direction. We are thrilled to work together as we grow our combined business.”
Nathan Potter, DW Distribution CEO and owner, added: “Our business is grounded in our core principles of impressing customers, inspiring each other and improving our business and communities. This partnership provides the opportunity to continue that charge while providing a strong foundation for the long-term success of our employees, customers and vendors. We are excited to build on our legacy and are energized by the opportunity to work with Specialty Building Products as we make a positive impact on our industry.”
The acquisition is expected to close in 2021, subject to the satisfaction of customary closing conditions.
Following the completion of the acquisition, DW will maintain its existing brand name, geographic locations and management team, led by president Aaron Elliott, as part of SBP.