LITTLETON, Colo. — Kodiak Building Partners has acquired substantially all the operating assets of Direct Lumber and Door of Colorado, a provider of millwork, lumber, trusses, and other products for the contractor and remodeling markets.
Details of the Sept. 6 transaction were not disclosed. Current President Tom Kostelecky, will continue to lead Direct Lumber and Door and also join the ownership ranks of Kodiak, according to a statement.
Originally known as Multi-Family Building Products, Direct Lumber and Door was founded in 2000 by Russ Brown. The name was changed in 2012, the same year Kostelecky joined the company. It was announced that Brown will be retiring following the acquisition.
Kostelecky said, “Kodiak’s culture and operating model fit so well with who we are at Direct Lumber and Door. Because service has been the priority that has set us apart from our competitors, we give the credit to our family of employees. Kodiak puts employees first, and that will allow us to continue to successfully serve our market. I’m thrilled to be joining the Kodiak team and continuing as an owner and investor, as we continue to grow and serve the needs of builders in Colorado and across the country”.
Direct Lumber and Door currently has a millwork and window facility, lumber facility and truss facility in Denver, and a lumber facility in Ft. Collins, Colorado. The company said it plans to add a panel plant in the near future.
Steve Swinney, Kodiak CEO, added, “The 190 employees at Direct Lumber and Door are a motivated and diligent crew that will be a great addition to our 2,023 employees, and the company will complement our other Denver-area companies and our entire corporation.”
This marks the third acquisition by Kodiak in the past five months, and fourth for the year. In July it announced the acquisition of Forest Tek/Overseas Lumber, a two-business building supply dealer serving all of the Florida Keys, and on May 31 Kodiak acquired Builders Millwork, Inc., a producer and supplier of millwork in the upper Midwest markets, including custom made architectural wood doors, trim, finish hardware, and hollow metal doors. Previously, Kodiak acquired Specialty Appliance, LLC, a regional appliance dealer that specializes in residential contractors and their customers in the Colorado area, on April 4. In December 2017, the company closed on its acquisition of American Builders Supply and announced its partnership with Court Square, a middle-market private equity firm.
Kodiak Building Partners serves general contractors, homebuilders, sub-contractors, remodelers, and consumers through its 71 facilities in Texas, Florida, Colorado, Arizona, Delaware, Massachusetts, Michigan, Wisconsin, Minnesota and Maryland, with a diverse array of products from four distinct segments; Interiors (Specialty, AWS and FBS), Construction Supplies (Barton, Barnsco TX, Barnsco MI, Erect A Line), Lumber and Building Materials (Zarsky Lumber, ForestTek/Overseas Lumber, New England Building Supply, Gulf & Basco, American Building Supply, Builders Millwork) and Commercial Drywall and Doors (Jones Heartz, DMS, AO, and Freedom Materials).
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