Cameron Ashley Building Products, Inc. (“Cameron Ashley” or the “Company”), a portfolio company of Los Angeles-based private investment firm Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), today announced the acquisition of Martin Distributors, an Alexandria, Louisiana-based distributor of a vast selection of building products including commodity and treated lumber, engineered wood, roofing, gypsum and insulation. Martin Distributors operates out of two locations, Alexandria and Lafayette, LA, and serves over 200 customers throughout Louisiana. This follows the acquisition of J&R Products earlier this year and continues the strategic growth initiatives implemented under Pacific Avenue’s ownership.
“We are excited to add the Louisiana locations of Martin Distributors to our network and to continually provide the best products and service for our customers. The acquisition further strengthens Cameron Ashley’s position in the Southeastern United States while providing us entry into the Louisiana market. We look forward to leveraging this expanded footprint and to serving our customers and deepening our supplier relationships. We remain committed to expanding Cameron Ashley to better serve our customers through additional acquisitions, greenfield locations, and through organic growth.”
Donny DeMarie, President and CEO of Cameron Ashley
Under Pacific Avenue’s ownership, Cameron Ashley has now completed three add-on acquisitions and grown its network to over 5,000 customers serviced from 42 strategically located stocking distribution centers with a total storage footprint of over 4.2 million square feet. The warehouse footprint is supported by a fleet of over 125 tractors and 200 trailers that make in excess of 240,000 deliveries every year.
“The acquisition of Martin Distributors continues our strong commitment to grow Cameron Ashley through add-on acquisitions, and will allow us to best serve our customers and expand our geographic footprint. We are excited to have the Martin Distributors team join the Cameron Ashely family while ensuring continuity for Martin customers. Additionally, we are excited about the expanded product offering we will be able to bring to the Louisiana market. The addition of lumber and engineered wood products further bolsters our position as a leading nationwide distributor of quality building products. We will continue to pursue additional acquisitions that expand both our geographic footprint and product category offerings.”
Chris Sznewajs, Founder and Managing Partner of Pacific Avenue
Martin Distributors will be rebranded and operate as Cameron Ashley Building Products, effective immediately. The retail locations of Martin Building Materials in Pineville, LA and Howard Lumber & Supply in Minden, LA were not part of the acquisition and will continue to operate under separate ownership from the Cameron Ashley Louisiana locations.
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners, founded by Chris Sznewajs, is a Los Angeles-based private investment firm. Pacific Avenue, in conjunction with its operating executives, partners with exceptional management teams to assist businesses in unlocking value and reaching their full potential. Pacific Avenue has a diversified experience base in industrials, business services, healthcare services, and building products that allows the firm to differentiate itself from traditional private equity. For more information, please visit www.pacificavenuecapital.com.
About Cameron Ashley Building Products
Cameron Ashley is a leading distributor of roofing, insulation, gypsum, siding and other specialty building products. The Company operates a network of more than 40 locations with a total storage footprint of over 4.2 million square feet in 20 states in the Midwest, Northeast, Southeast, and Southwest United States. 26 of Cameron Ashley’s distribution centers are strategically located within 150 miles of the 25 largest MSAs in the country. Through distribution center operations, as well as an established direct-from-manufacturer business model, Cameron Ashley Building Products delivers an array of innovative, market-focused products and services to over 5,000 customers in the lumber and building materials industry. To learn more, please visit www.cameronashleybp.com.
Contact:
Chris Sznewajs
773.844.0448
Sara Eller
864.281.3687