US LBM to acquire GBS Building Supply
US LBM Holdings, LLC announced Tuesday its intent to acquire GBS Building Supply of Greenville, S.C, from its employee shareholders. The acquisition is expected to close on October 5, 2015. The announcement marks US LBM’s third acquisition news this month.
GBS President and CEO Bob Barreto will continue leading the company’s day-to-day operations with his existing team.
“GBS is excited to join the US LBM team,” said Barreto. “This new partnership allows us to continue to invest in operations and enhance customer service at all our locations. The opportunity for growth for our employees,customers, and vendor partners is extraordinary.”
GBS operates six locations across the Carolinas supplying windows, doors, stone, roofing, siding, millwork, lock hardware, columns, trim, mouldings, cabinetry, countertops, decking & railing, gypsum, lumber & plywood, insulation, and other building materials. In addition, GBS Building Supply operates a custom molding & millwork center and offers kitchen design services and floor system design.
“GBS Building Supply is a great addition to the US LBM family and continues our strategy to diversify from both a product and geographical perspective,” said L.T. Gibson, President & CEO of US LBM. “GBS has a proven team with a history of success. We are excited to partner with their associates and look forward to future opportunities together in the region.”