Within days of each other, US LBM closed on two more acquisitions of large multi-location dealers—five-unit Gilcrest/Jewett Lumber Co. in Iowa and four-unit Jennings Builders Supply & Hardware in western North Carolina.
For more than 165 years, Gilcrest/Jewett has been known as Iowa’s “home building headquarters,” operating four retail yards, along with a truss and component plant, serving the Des Moines, Iowa City, and Cedar Rapids metro areas.
The entire Gilcrest/Jewett leadership team will remain with the company, including Sumner Worth, who will serve as president and general manager, and Rick Thompson, who will serve as senior vice president of sales.
“US LBM and Gilcrest/Jewett both share the values of putting people first, innovating through technology and delivering superior products and service,” Worth said. “US LBM counts some of the most well-known distributors in the industry among its divisions, and we’re excited for the new opportunities this partnership brings for both our employees and customers.”
“Gilcrest/Jewett boasts a strong team and is a name known for longevity, quality and innovation to not only customers in Iowa, but also across the building materials industry,” added US LBM president and CEO L.T. Gibson. “Adding Gilcrest/Jewett grows our manufacturing capabilities in Iowa and expands our specialty building products distribution network into major metropolitan markets in Iowa.”
Founded in 1984, Jennings Builders Supply & Hardware stocks a full range of building materials, providing its customers with a one-stop-shop solution for custom home building and remodeling projects. In addition to supplying building professionals with windows, decking, flooring, cabinetry, siding, lumber and engineered wood products, Jennings also provides customers with added value services, including design, installation and custom woodwork and interior doors.
“Partnering with US LBM positions our brand for growth and presents a great opportunity for our associates,” said Glenn Hoy, who will continue to lead Jennings’ day-to-day operations as president and general manager.
In addition to Jennings Builders Supply & Hardware, US LBM’s operations in the Carolinas include GBS Builders Supply, Maner Builders Supply, Myrtle Beach Building Supply, and Parker’s Building Supply.