Southeast Building Supply Interests, a platform company of the investment firm Building Industry Partners, has acquired Wallace Building Supply.
With this acquisition, SBSI grows to nine lumber and building materials locations in Georgia and Tennessee.
Roger Farmer, president of SBSI, said, “It has been a privilege to get to know the Wallace family, and our team is honored to partner with them on this next phase of growth. Wallace Building Supply is a cornerstone of the community, and we plan to continue in that tradition in service of our customers.”
Partners involved in this opportunity were Holland & Knight LLP, Fifth Third Bank, Intrinsic LLC, CBIZ Insurance Services and Siguler Guff & Company. 1st West Mergers and Acquisitions advised the Seller.