Cameron Ashley Building Products, Inc. (“Cameron Ashley”) today announced the acquisition of Reserve Supply of Central New York (“RSCNY”). The Syracuse-based lumber dealer co-operative distributes a vast selection of building products including commodity and treated lumber, engineered wood, roofing, gypsum and insulation.
“We are excited to begin serving customers in the central New York area with the addition of Reserve Supply of Central New York. We are committed to satisfying our new customers with not only their current product selections like lumber, but also expanding customers’ access to our top supplier brands of roofing, gypsum, insulation, and siding,” said Donny DeMarie, President and CEO of Cameron Ashley.
“Our team is ready to support the new employees and customers from Reserve Supply of Central New York. We look forward to working with our suppliers to share our product offering throughout the state of New York,” said Regional Vice President, Tom Gaffey. “We are pleased to be able to join the rich history of RSCNY and the relationships that go back decades. We welcome all to the Cameron Ashley family.”
Reserve Supply of Central New York’s Syracuse location will be rebranded and operate as Cameron Ashley Building Products, effective immediately.
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners, founded by Chris Sznewajs in 2017, is a Los Angeles-based private investment firm focused on corporate divestitures and other complex situations in the lower middle market. Pacific Avenue has extensive M&A and operations experience allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. The senior members of the Pacific Avenue team have closed more than 50 transactions, including 28 corporate divestitures, across a multitude of industries. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive strategic change and assist businesses in reaching their full potential. For more information, please visit www.pacificavenuecapital.com.
About Cameron Ashley Building Products, Inc.
Cameron Ashley is the leading two-step distributor of roofing, insulation, gypsum, siding and other specialty building products. The Company operates a network of over 40 stocking distribution centers throughout the United States. Cameron Ashley Building Products delivers an industry leading portfolio of marquee brands to customers in the lumber and building materials industry. To shop or learn more, please visit cameronashleybp.com.