Rugby announces the acquisition of Lumber Products
Rugby Architectural Building Products, headquartered in Concord, NH, along with its investor Leading Ridge Capital Partners, announces the acquisition of Lumber Products, based in Tualatin, OR. Today, former Lumber Products locations in Tualatin, OR, Eugene, OR, Kent, WA, Spokane, WA, Boise, ID, Salt Lake City, UT and Albuquerque, NM commence operations as Rugby Architectural Building Products. The former Lumber Products’ Chandler, AZ distribution center will be consolidated with Rugby’s Phoenix operation into a new metro center.
This expansion marks Rugby’s ninth acquisition since 2010, through which the company has more than doubled its revenue base and grown to 20 distribution centers across the country. “The acquisition of Lumber Products extends Rugby’s footprint into key western markets and expands our product offering in the value-added door and millwork segment, while also enhancing our market position in our core industrial base of products,” commented David Hughes, Rugby President and CEO.
“What excites us most about the Lumber Products acquisition is their people - strong teams of loyal industry veterans at every single facility who understand that the customer always comes first,” added Drew Dickinson, Rugby COO. “Our combined businesses provide further scale and resources to the Rugby platform, enabling us to continue expanding and deepening the relationships with our valued customer and supplier bases.”
“Rugby will continue to grow organically and through acquisition, targeting both consolidation and market expansion opportunities,” explained Leading Ridge Capital Partner Robert Mayn. “This is truly a transformational transaction for our company and our industry,” continued Leading Ridge Partner Zach Coopersmith. “In an increasingly difficult operating climate, size, scale, geographic diversification, strong product mix, and a decentralized and nimble operating structure will be keys to success.”
About Leading Ridge Capital Partners:
Leading Ridge Capital Partners, LLC (www.leadingridge.com) is a private equity firm, with offices in Maryland and New York, specializing in acquisitions, recapitalizations, and investments in value-added distribution, logistics, and light manufacturing companies in the lower-middle market. Leading Ridge is comprised of a successful team of operators with a broad array of business experience within the distribution and manufacturing sectors. The team possesses significant operational resources and the leadership experience needed to support rapid yet controlled growth of its portfolio companies.
Headquartered in Concord, NH, Rugby Architectural Building Products serves over 9,000 customers in many of the largest metro centers in the US with a geographic footprint covering 25 states from 13 distribution facilities operating in Metro Boston, Metro NYC, Atlanta, GA, Tampa, FL, Indianapolis, IN, Dallas, TX, Houston, TX, San Antonio, TX, Phoenix, AZ, Las Vegas, NV, Reno, NV, and Los Angeles, CA.