U.S. LBM Acquires Deering Lumber In Maine

BIDDEFORD, Maine, Dec. 4, 2018 /PRNewswire/ -- U.S. LBM Holdings, LLC ("U.S. LBM"), a leading distributor of specialty building materials in the United States, has acquired Maine's Deering Lumber. With this acquisition, U.S. LBM now has five locations throughout Maine.

Founded in 1866, Deering Lumber operates three locations in Maine, serving custom home builders and remodelers across southern and coastal Maine and along the New Hampshire Seacoast. A distributor of lumber and a wide range of specialty building products, including windows, doors, decking, wallboard, roofing and siding, Deering Lumber will continue to be led by President C.D. Armstrong.

"A strong customer base, diverse product offering and team focused on customer relationships make Deering Lumber an ideal addition to our family of companies," said U.S. LBM President and CEO L.T. Gibson. "By adding a market leader in Deering Lumber, we're expanding our reach and customer base in the coastal New England residential construction and renovation market."

Deering Lumber was advised by Peloton Advisory, LLC. U.S. LBM was advised by Honigman Miller Schwartz and Cohn LLP. 

U.S. LBM is a leading distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, U.S. LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit www.uslbm.com.

SOURCE U.S. LBM