Pro-Build purchases Tennessee dealer
Pro-Build Holdings strengthened its presence in the Nashville, Tenn., market with the purchase of Crosslin Supply, a pro dealer with three lumberyards in central Tennessee. The purchase price was not disclosed.
Headquartered outside of Nashville in Smyrna, Crosslin also has locations in Franklin and Spring Hill, Tenn. Sales in 2005, the latest figures available, were $49.2 million. The company is affiliated with Lumbermens Merchandising Corp. (LMC).
Robertson & Foley acted as the financial advisor to Crosslin Supply in the transaction.
Eddie Crosslin and Greg Davis will remain in general management roles, responsible for the Smyrna and Franklin operations, respectively, according to Pro-Build. “The team at Crosslin Supply will be a great addition to our existing team in the Nashville area,” said Buddy Ables, president of Pro-Build’s East Region, in a prepared statement.
Pro-Build, owned by Fidelity Capital, has operations in Tennessee through the Strober Organization, which was purchased by Fidelity in 1997. Pro- Build is the nation’s largest pro dealer, with more than 500 locations in 40 states.