Exterior building products distributor Lansing Building Products, Richmond, Va., has agreed to acquire the distribution business of Harvey Building Products, Waltham, Ma., from Dunes Point Capital.
The deal, expected to close by the end of April, includes Harvey’s 36 distribution centers and 14 product showrooms in the Northeast. Dunes Point will retain Harvey’s manufacturing business, which produces doors and windows under the Harvey, Northeast Building Products, Soft-Lite and Thermo-Tech brands.
Simultaneously, Lansing agreed to sell a majority stake in its business to financial holding company Markel Corp. Lansing has 77 locations across 22 states.
President/CEO Hunter Lansing and the rest of Lansing’s senior team (COO Billy Mosby, CSO John Witt, CFO Mason Chapman, chairman Chris Lansing) with remain intact. Jim Barreira, Harvey’s current chairman, will join Lansing’s board.
Hunter Lansing’s brothers, executive VP-brand development Ted and VP-real estate Chase, have chosen to pursue interests outside the company after deal closes.