1stWEST Mergers and Acquisitions, a premier investment bank specializing in M&A advisory, has successfully overseen the acquisition of its client, Schoeneman’s Building Materials Center, by the industry giant Builders FirstSource (NYSE: BLDR).
The transaction, marked by 1stWEST M&A’s expert guidance, reached completion within a mere 45 days following the signing of the letter of intent, thanks to Builders FirstSource’s notably efficient due-diligence process.
Schoeneman’s, a company with roots dating back to 1888, has long been revered for its knowledgeable staff, extensive range of building materials, and commitment to exceptional customer service. The firm’s support of local communities in South Dakota and Iowa has cemented its status as a reliable and esteemed name in the industry.
Despite the fluctuating interest rates affecting various sectors, the lumber and building material (LBM) sector has maintained a steady pace in M&A activities. John D. Wagner, a Managing Director at 1stWEST M&A, highlighted the sector’s resilience, noting that “Great companies continue to find excellent acquisition values, and acquirers clearly have the liquidity to add to their portfolios.”
He further emphasized the value of the acquisition, describing Schoeneman’s as a “real gem” with a reputation that is recognized widely.
1stWEST Mergers & Acquisitions stands out as a comprehensive, international investment banking and advisory firm, primarily catering to the lower middle-market segment. The firm boasts an impressive track record, having facilitated deals exceeding $1.4 billion.
1stWEST M&A’s innovative business solutions platform supports company owners and shareholders in navigating the complexities of selling their businesses, pursuing acquisitions, and securing growth capital. With a global presence and Managing Directors located across the Americas, 1stWEST M&A is well-equipped to deliver its services to a diverse clientele worldwide.
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