Meeks parent American Construction Source has acquired western dealer Homewood Holdings from Building Industry Partners LLC.
Homewood was founded in 2016 by BIP and Jim Stockman, starting with pro dealer Homewood Building Supply, Sacramento, Ca. After four years, a nearly five times increase in sales, three-fold growth in employee count, and seven strategic add-on acquisitions, the Homewood Holdings family today consists of five operating companies with eight total facilities in California, Washington, and Arizona.
Operating companies also include Evergreen Lumber, Eagle Creek Siding, and Custom Choice Door in greater Seattle-Tacoma, Wa., and The Door Mill in Phoenix, Az.
“As our highly successful partnership with BIP concludes, we’re excited about Homewood’s future and continued growth as part of the ACS platform,” noted Stockman, now CEO of Homewood Holdings. “There is substantial opportunity ahead for Homewood, our employees, and our business partners.”
Based in Springfield, Mo., American Construction Source now has more than 70 locations in nine states, including Meeks in the West and Midwest, Breckenridge Building Center and Edwards Building Center in Colorado, and Arrow Building Centers in Minnesota and Wisconsin.
The company is owned by private equity firms Angeles Equity Partners and Clearlake Capital Group.