Southeast Building Supply Interests, a platform company of the leading building industry-focused investment firm Building Industry Partners, has acquired Buettner Brothers Lumber Company. Details of the acquisition were not released.
SBSI is led by industry veteran Roger Farmer, and serves local, regional, and national builders and contractors, as well as do-it-yourself customers, across five states in the Southeast. Buettner is SBSI’s first location in Alabama and the third acquisition of this summer including Wallace Building Supply (Indian Mound, Tennessee) and Haywood Builders Supply (Waynesville, North Carolina).
SBSI said it is actively seeking to invest in lumber and building materials companies in the Southeast and works tirelessly to elevate the employee value proposition at all organizations that join the SBSI family of businesses.
Partners involved in this transaction were Holland & Knight LLP, Fifth Third Bank, Intrinsic LLC, CBIZ Insurance Services, Inc. and Siguler Guff. Kellick & Associates advised the sellers.
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