Blue Wolf Sells American Builders Supply to Kodiak Building Partners
Blue Wolf Capital Partners LLC, the New York-based private equity firm announced that it has sold American Builders Supply to Kodiak Finance, Inc., a subsidiary of Kodiak Building Partners.
American Builders Supply, Inc., headquartered in Sanford, Florida, is an independent distributor and installer of doors, millwork, windows and trusses. Blue Wolf acquired ABS in early 2011, in partnership with the company’s founder, Chad Barton, when the company was struggling in the wake of the 2008 housing market crash. Following the acquisition, Blue Wolf recruited a new management team led by Bill Myrick, and complemented by other seasoned industry veterans; acquired five competitors; opened four greenfield locations; and implemented a company-wide Enterprise Resource Planning system. Today, the company has 550 employees across 10 locations and is the 40th largest building product distributor in the United States according to Pro Sales Magazine.