FREDERICKSBURG, Va.--(BUSINESS WIRE)--The JIAN Group is pleased to announce that it represented Douglas Lumber in the sale of its company to Builders FirstSource.
Founded in 1976, Douglas Lumber is one of the largest independent lumber and building material distributors in Rhode Island. “After almost 50 years as a family-owned company, we are excited about our future with BFS,” said Steve Carlino, President of Douglas Lumber. “My wife, Joanne; my son, Steven Jr.; and I have been very fortunate to grow a business started by my father and me in the 1970s, along with our many dedicated employees, past and present, who will share in our continued success. I, along with our talented existing management, will continue to lead, grow, and learn about the needs of professional contractors, both large and small, in our region. JIAN was instrumental in this process, overseeing and managing all aspects of the transaction leading up to a successful closing," Steve Carlino continued.
The JIAN Group is the largest and most active leader in arranging mergers and acquisitions for middle-market companies in the building materials industry. The JIAN Group served as the exclusive financial advisor to Douglas Lumber. “Congratulations to Steve Carlino and his team. The partnership with BFS will provide Douglas Lumber with even more tools to continue its impressive growth and commitment to customers,” said JIAN Partner Steve Burns.
About Builders FirstSource
Builders FirstSource is the nation’s leading supplier of structural building products, value-added components, and services to the professional market for new residential construction and repair and remodeling. Through investments in innovation and an unmatched portfolio of value-added products and manufacturing capabilities, Builders FirstSource is revolutionizing homebuilding – outperforming today and transforming tomorrow. www.bldr.com
About The JIAN Group
The JIAN Group was founded in 1992 and is the premier investment banking firm specializing in mergers and acquisitions advisory services to leading middle-market companies in the building materials industry. The JIAN Group’s focused approach combines deep industry and operational knowledge with extensive transaction experience. www.jiangroup.com
