L&W Supply to Acquire NexGen Building Supply
CHICAGO–May 2, 2018 – L&W Supply Corporation, a leading distributor of top quality building materials and specialty products in the United States, has signed a definitive agreement to acquire NexGen Building Supply. NexGen distributes drywall, ceiling systems, steel stud and other building materials, with locations in Wisconsin, Illinois, Indiana, Kentucky, Tennessee and Ohio.
As a leading distributor of interior building products in the Midwest, the NexGen acquisition supports L&W Supply’s overall growth strategy. “We look forward to welcoming the NexGen associates, customers and suppliers to the L&W Supply family,” said Dan Piché, L&W Supply’s president. With the NexGen acquisition, L&W Supply will operate 156 locations in 35 states.
The transaction is L&W Supply’s largest acquisition since joining the ABC Supply family, and follows the recent and successful integrations of Wright Bros. Supply in Northern California and Ace Supply Inc. in Montgomery, Alabama. The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the second quarter.
The information provided is for general informational purposes only. All information provided is in good faith, and is not intended as a substitute for obtaining accounting, tax, legal, or financial advice from a professional accountant or lawyer. Any opinions expressed are those of the author. ABC Supply Interiors makes no warranties of any kind, express or implied, regarding, the accuracy, adequacy, validity, reliability, availability, or completeness of any information provided herein. Any questions regarding the information provided should be addressed to the author.
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