Cherry Tree advises Lampert Lumber in its sale to US LBM
US LBM expands its presence with a leading building products distributor in the Upper Midwest
US LBM Holdings, LLC (“US LBM”) acquired Lampert Lumber of St. Paul, MN from Dan Fesler, fourth generation owner, who will remain with the company as an advisor. Bob Egan will continue in his current role as President, leading Lampert’s day-today operations with his existing team.
The Minnesota-based company was founded in 1887 by two brothers with their purchase of a single lumber yard and has since grown to 33 locations serving the Upper Midwest. Lamperts is a leading building material distributor providing windows, doors, roofing, siding, insulation, millwork, cabinets, and framing materials to professional builders and consumers in their local markets.
“We chose US LBM because they will be the best steward of our family business and legacy,” said Dan Fesler.
“Lampert Lumber is proud to join the US LBM team,” said President Bob Egan. “This new partnership will allow Lampert Lumber to continue to invest in our operations and enhance customer service levels. The opportunity for growth for our associates, customers and vendor partners is extraordinary.”
“The partnership with Lampert Lumber continues US LBM’s strategy of connecting market-leading teams and longstanding companies together, creating a unique platform in our industry,” said L.T. Gibson, President & CEO of US LBM. “Lampert’s history and success, coupled with their exciting vision, are a perfect fit for US LBM. The partnership makes both companies stronger and better able to serve its customer base. We welcome the Lampert’s team to ours, and look forward to continuing to build a better company.”
For more information on Lampert Lumber, go to https://lampertlumber.com/.
US LBM, recipient of the 2015 ProSales Dealer of the Year, is a collection of leading building material distributors across the U.S in 21 states with approximately 130 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.
“Cherry Tree’s advice and leadership were vital to the overall success of our transaction. Their disciplined process created a competitive situation that resulted in a strong valuation and great outcome for our family, employees and customers.”
Dan Fesler, fourth generation owner of Lampert Lumber
Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.