American Construction Source (“ACS”), a national building materials distribution platform for custom home builders and repair and remodel contractors, on Wednesday announced the acquisition of Homewood Holdings LLC. Homewood will continue to operate under its existing local brand names of Homewood Lumber, Evergreen Lumber, Eagle Creek Siding, Custom Choice Door, and The Door Mill.
“ACS is excited to add Homewood to our growing portfolio of service-oriented lumber and building materials locations,” said James Drexinger, CEO of ACS. “For more than 80 years, these local market leaders have provided a high level of service to builder and professional remodeler customers in the Central and Northern California, Puget Sound Washington, and Central Arizona markets.”
“The Homewood team is energized to join ACS. I believe our combined talents and capabilities will yield great results for our customers,” said Jim Stockman, CEO of Homewood. “Angeles and Clearlake [the companies backing ACS in the deal] have significant experience creating value in businesses in which they invest. I am confident we will accelerate our growth and improve our ability to serve our customers as part of the American Construction Source platform.”
Financial terms of the transaction were not disclosed.
