Our US offices represented JP Hart Lumber Company, a distributor and building products manufacturer, in its sale to US LBM, a distributor of specialty building materials in the United States.
Upon the completion of the acquisition, US LBM will operate in 65 locations across Texas. The transaction is expected to close during the third quarter of 2021, subject to HSR and other customary closing conditions.
JP Hart's operations serve the major markets in Texas with five building materials yards and one window distribution facility across Austin, Houston, Dallas-Ft. Worth and San Antonio.
The deal team was led by Daryl Lansdale and Brandon Byrne and included M&A lawyers Will Betts and Olivia Roberts, employee benefits Alexander Clark, environmental Bob Greenslade, tax Michael Flamenbaum, antitrust Amanda Wait and Andy Eklund, real estate Steve Nelson and Amy Mitchell and IP Mike Stimson.