Kodiak acquires Jones-Heartz Drywall Supply
Denver-based Kodiak Building Partners expanded its footprint in the gypsum distribution market with the acquisition of Jones-Heartz Drywall Supply, also of Denver.
Jones-Heartz Drywall Supply's team of 57 people will remain in place, with Greg Lyon leading the combined drywall operations of Jones-Heartz and Great West Drywall Supply, acquired by Kodiak in 2012.
"We are very excited about having Jones-Heartz Drywall Supply join our team," said Paul Hylbert, Kodiak chairman. "Greg Lyon has built a fine organization and developed a terrific business. In addition to giving us a strong presence in Denver, the company and capable people offer us a platform on which to grow throughout the Mountain Range States."
Terms of the deal were not disclosed.
Kodiak Building Partners, founded in 2011, also includes in its portfolio Barton Supply, Gulf and Basco, and New England Building Supply.
Steve Swinney, Kodiak president and chief operating officer, said: "I am thrilled to be partnering with Greg to expand our drywall distribution operations. It is a platform that we want to continue to grow and I look forward to working with Greg to do that in 2014 and beyond."
With 20 delivery trucks, Jones-Heartz is described as the largest independent drywall distributor in the state of Colorado. It was founded in 1997, with a product mix ranging from wallboard, studs and trim to stucco and cover insulation.