SBSI acquires Wallace Building Supply

CLARKSVILLE, Tenn. – Southeast Building Supply Interests (SBSI), a platform company of building industry-focused investment firm Building Industry Partners, has acquired Wallace Building Supply. SBSI is led by industry veteran Roger Farmer, and serves local, regional and national builders and contractors, as well as DIY customers, in nine Southeast markets. Wallace is SBSI’s first location in Tennessee.

SBSI is building a regional pro-dealer organization that is committed to establishing industry-leading human capital management practices, the company announced. As part of this commitment, every SBSI employee, including all Wallace employees, participates in SBSI’s employee stock ownership program.

Roger Farmer, President of SBSI, said, “It has been a privilege to know the Wallace family, and our team is honored to partner with them in this next phase of growth. Wallace Building Supply is a cornerstone of the community, and we plan to continue in that tradition in service to our customers.

Under Farmer’s leadership, Ronnie Wallace will continue in his role as President of Wallace Building Supply. Mark Wallace has been promoted to director of sales, in recognition of his leadership in customer service.

“It was essential that we find a group that is committed to creating opportunities for our employees and for the community. Our family has spent a lot of time getting to know the team at SBSI and BIP, and we are confident that they are the right partner for this next phase of growth. We look forward to continuing to serve our customers and the community,” added Ronnie Wallace.

Pat Mascia, Partner at BIP and SBSI Board Member, said, “We have tremendous respect for the Wallace family and the role Wallace Building Supply has played in building the community. Ronnie, Randy, Kim and Melanie can tell a story of how many homes were built in Clarksville, Stewart County and beyond. We are honored to be their partner of choice.

“Tennessee is a business-friendly state that is poised for continued growth, and we are excited to enter another market with a strong military presence. Clarksville and Stewart County are great places to build a home,” said Nick Massengill, operating partner at BIP and SBSI board member.

SBSI actively seeks to invest in lumber and building materials businesses in the Southeast and will work tirelessly to elevate the employee value proposition in all businesses that join the SBSI family of companies.

The partners involved in this opportunity were Holland & Knight LLP, Fifth Third Bank, Intrinsic LLC, CBIZ Insurance Services, Inc. and Siguler Guff & Company. 1st West Mergers and Acquisitions advised the seller.

About Building Industry Partners

Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the construction industry in the United States. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with operating partners and advisors across the United States

Over the past decade, BIP is proud to have helped build some of the most dynamic and fastest growing companies in the construction industry middle market in the United States, including US LBM Holdings, Kodiak Building Partners, Homewood Holdings and US Fence Solutions/Binford Supply. .

In 2020, BIP redefined its purpose: to create exceptional and sustainable businesses, generate world-class returns on investment and help elevate the construction industry and its workforce through principles of investment and people-oriented business. BIP continues to seek opportunities to mentor the building industry’s greatest talents in building exceptional businesses, realizing their entrepreneurial visions, and increasing shared prosperity among shareholders, management, and our workforce. work in the broad sense.
contacts
Pat Mascia, Partner
Building Industry Partners, LLC
216-410-1515
[email protected]
www.buildingip.com

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