West Coast Lumber (“WCL”), the regional lumber and building materials supplier launched by Building Industry Partners in 2022, announces the acquisition of San Diego-based Stone Truss, a 30-year-old designer and manufacturer of roof and floor truss systems. WCL currently serves customers throughout Southern California via four locations in Agoura Hills, Bakersfield, Camarillo and San Diego. […]
LP Building Solutions Reports Second Quarter 2023 Results
Louisiana-Pacific Corporation (LP) (NYSE: LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three and six months ended June 30, 2023. Key Highlights for Second Quarter 2023, Compared to Second Quarter 2022 (1) This is a non-GAAP financial measure. See “Use of Non-GAAP Information”, “Reconciliation of Net Income to Non-GAAP Adjusted […]
Carlyle Reports Second Quarter 2023 Financial Results
Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the second quarter ended June 30, 2023. The full detailed presentation of Carlyle’s second quarter 2023 results can be viewed here. Carlyle Chief Executive Officer Harvey M. Schwartz said, “While the economic backdrop remains complex and investor sentiment remains mixed, the peak […]
Mortgage Applications Decrease in August 2nd MBA Weekly Survey
Mortgage applications decreased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 28, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Ferguson Acquires Bruce Supply Corp, The Kennedy Companies and S. G. Torrice
Ferguson plc (NYSE: FERG; LSE: FERG) announces the acquisition of Bruce Supply Corp (Bruce Supply), a plumbing distributor; The Kennedy Companies (Kennedy), a waterworks distributor; and S. G. Torrice, an HVAC distributor. All three acquisitions closed in the fourth quarter of fiscal year ending July 31, 2023, and generate aggregate annualized revenues of approximately $450 million. […]
Gibraltar Announces Second Quarter 2023 Financial Results
Gibraltar Industries, Inc. (“Gibraltar”), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today reported its financial results for the three-month period ended June 30, 2023. “We executed well in the quarter, building on our momentum from the beginning of the year. Our end market fundamentals remain solid […]
Madison’s Reporter: As July Wanes, Lumber Prices Flatten
In the week ending July 21, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$458 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $458. That week’s price is up by +$68, or +17%, from one month ago when it […]
ABC Supply Co., Inc. Continues to Expand in Canada With the Acquisition of Cedar Grove Roofing Supply
ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior building products in North America, has grown its Canadian presence with the acquisition of Cedar Grove Roofing Supply, a premier supplier of residential and commercial roofing, metal roofing and related accessories in British Columbia, Canada. The acquisition adds seven ABC Supply–affiliated locations in […]
Oldcastle APG Acquires Fencing Assets of CertainTeed
Oldcastle APG, a CRH Company, announced it has acquired the fencing, railing and decking assets of CertainTeed, including two facilities in Buffalo, NY and Orem, UT, expanding the manufacturer’s operational capabilities and comprehensive suite of industry-leading outdoor living solutions across North America. The integration of these assets, which include premier product lines, specialized manufacturing capabilities and geographical […]
Argosy Private Equity Acquires a Controlling Interest in Barco Products
On August 1, 2023, Argosy Private Equity acquired a controlling interest in Barco Products (“Barco” or the “Company”). Barco Products is a designer, manufacturer and distributor of commercial outdoor site furnishings and traffic safety products. Headquartered in Batavia, Illinois and founded in 1984, Barco sells a wide variety of products, many using lumber made from recycled plastics, […]