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Builders FirstSource® acquires Schoeneman Building Materials Center

1streetWEST M&A advised Schoeneman in the successful transaction

EVERGREEN, Colo., May 10, 2024–(BUSINESS WIRE)–1stWEST Mergers and Acquisitions, a leading investment bank and M&A advisory firm in the building materials industry, today announced that its client, Schoeneman’s Building Materials Center, has been acquired by Builders FirstSource® (NYSE:BLDR).

1streetWEST M&A acted as Schoeneman’s advisor throughout the successful transaction. Thanks to Builders FirstSource’s highly effective due diligence process, the acquisition of Schoeneman was completed within 45 days of signing the agreement Letter of Intent.

“Since 1888, Schoeneman’s has established itself as a trusted brand with experienced staff and a large selection of building materials and products. It provides its customers with convenient and exceptional service and supports communities in South Dakota and Iowa,” the company said. (Link to Builders FirstSource announcement here.)

“M&A activity in the LBM (lumber and building materials) sector has never really slowed down despite interest rate volatility. Great companies continue to achieve excellent acquisition values, and acquirers clearly have the liquidity to add to their portfolios,” said John D. Wagner, managing director at 1streetWEST M&A. “In this case, Builders FirstSource has achieved a real gem with the acquisition of Schoeneman’s, which has a top-shelf reputation.”

Information about 1stWEST M&A

1stWEST Mergers & Acquisitions is a full-service international investment banking and advisory firm focused on lower mid-market companies, where it has completed over $1.4 billion in transactions. The company has built a unique business solutions platform that helps owners and shareholders sell companies, acquire other companies and raise capital for development. With managing directors in the U.S., Mexico, Panama, Peru, Brazil, Argentina and Chile, 1stWEST M&A is uniquely positioned to serve clients around the world. Find out more: www.1stwestma.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240510923168/en/

Communication

Contact with the media:
John D. Wagner
[email protected]