Standard Companies, Inc. (“Standard”) has been acquired by US LBM Holdings, LLC (“US LBM”), a lumber and building material dealer formed in 2009 by BlackEagle Partners, a Bloomfield Hills, MI-based private equity fund. Standard was founded in 1904 by Omge and Kenelska Rottschafer, who emigrated from the Netherlands to Holland, Michigan, at the turn of the century. The year 2014 marked the 110th anniversary of the company. What started as a small fuel and feed store has grown to 8 cabinetry showrooms, six building material distribution centers, and a component manufacturing facility. Standard is a leading building material distributor in Western Michigan, providing cabinetry, windows, doors, trusses, components, roofing, siding, and framing materials for professional builders.
US LBM, recipient of the 2013 HCN Pro Dealer of the Year Award, is a collection of 14 leading building material distributors serving the Midwest, Northeast, Southeast, Mid-Atlantic, and Western U.S. in 12 states with more than 80 locations. Implementing the philosophy of local management and leadership, US LBM capitalizes on the premier reputation of its operating companies and the local customer relationships that each operation is known for in its market.
Cascade Partners (BlueWater Partners) acted as the exclusive financial advisor to Standard for this transaction.
Update: BlueWater Partners has joined Cascade Partners. Read more here.