US LBM Holdings LLC has acquired Texas Tool Traders Holdings, Inc., enhancing its market offerings and presence in the Texas construction sector.
Target Information
Texas Tool Traders Holdings, Inc. ("Texas Tool Traders" or the "Company"), founded in 1973, stands as a prominent retailer of fasteners, tools, and a variety of supplies tailored for the single and multi-family residential construction markets in Texas. Headquartered in Weimar, Texas, the Company operates across 14 locations, offering comprehensive support to customers in key metropolitan areas, including Austin, Dallas-Fort Worth, San Antonio, and Houston. Its clientele encompasses homebuilders, contractors, roofers, fencers, pallet companies, and homeowners.
Garrett Anders, president of Texas Tool Traders, expressed satisfaction with the acquisition process, stating, "We were very happy with the job that GulfStar did for us. They brought us offers from buyers that we would never have reached on our own. Our buyer said that the closing process was easy due to the quality of GulfStar’s representation of us.” Additionally, Travis Anders, vice president of the Company, remarked on the new potential for growth under US LBM's ownership, indicating high expectations for expanding the business.
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Industry Overview
The construction industry in Texas is a dynamic and robust sector, largely characterized by its leadership in new residential construction nationwide. As Texas continues to grow, the demand for tools, supplies, and specialized building materials surges, marking an oppo
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US LBM Holdings LLC
invested in
Texas Tool Traders Holdings, Inc.
in 2024
in a Other deal