Generational Group Advises Huntington Lumber & Supply Co., Inc. in its sale to Nation’s Best Holdings
2024年7月23日 - 5:20AM
ビジネスワイヤ(英語)
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client, Huntington Lumber & Supply Co., Inc., to
Nation’s Best Holdings. The acquisition closed July 15, 2024.
Located in Hazlehurst, Mississippi, Huntington Lumber &
Supply Co., Inc., is a privately-owned Do it Best Home Center
founded in 1962. The company supplies lumber, building materials,
and a comprehensive range of hardware, primarily serving the
residential and commercial industry. As part of the Do it Best
cooperative, Huntington Lumber benefits from a member-owned buying
structure, operating alongside other independently owned stores
under the Do it Best brand. This affiliation enables them to offer
high-quality products and competitive pricing to their
customers.
Nation’s Best Holdings, founded in January 2019 by Chris Miller,
is a holding company focused on acquiring and operating
best-in-class businesses in the home improvement industry. Based in
Dallas, Texas, Nation’s Best partners with talented management
teams to grow successful independent hardware stores, home centers,
and building material dealers. By leveraging a member-owned
cooperative structure and emphasizing relationships, best
practices, and modern technologies, Nation’s Best ensures
competitive advantages and sustained growth for its portfolio
companies.
Chris Miller, president & CEO of Nation’s Best, stated,
“Huntington Lumber & Supply is very much in line with the type
of home improvement stores we want to add to our growing family of
businesses. Brothers John and David Huntington have run a beautiful
store – clean, neat, and very orderly. They’ve kept up on their
inventory control processes and have assembled an outstanding team.
They have been ideal operators and we’re proud to welcome them to
Nation’s Best.”
As part of Nation’s Best’s strategic plan, Huntington Lumber
& Supply Co. will continue to operate under its current name,
with its team managing the company’s operations. Nation’s Best will
offer the strategic and financial support required to achieve
maximum growth and profitability.
Generational Group Executive Managing Director of M&A –
Central Region, Michael Goss, and his team, led by Senior Managing
Director, M&A, Cory Strickland, with the support of Vice
President, M&A, Lance Thomasson, closed the deal. Senior
Managing Director, Terry Stidham, and Senior M&A Advisor, Bryce
Gray, established the initial relationship with Huntington Lumber
& Supply Co., Inc.
Ryan Binkley, CEO of Generational Group, stated, “This
acquisition marks a significant step forward for both companies,
leveraging their strengths to foster growth and innovation in the
home improvement industry. At Generational Group, we are proud to
facilitate such impactful transactions.”
About Generational Group
Generational Group, headquartered in Dallas, is a leading,
award-winning, full-service business advisory firm. With more than
350 professionals located throughout 17 offices in North America,
the company helps business owners release their business’ wealth by
providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management. For more information visit
generational.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722260398/en/
Jenna Gaston 469-694-8764 jgaston@generational.com