Texas Tool Traders Has Been Acquired by US LBM Holdings

HOUSTON, November 18, 2024 – GulfStar Group (“GulfStar”) is pleased to announce the acquisition of Texas Tool Traders Holdings, Inc. (“Texas Tool Traders” or the “Company”) by US LBM Holdings LLC (“US LBM”). GulfStar served as the exclusive financial advisor to Texas Tool Traders throughout the transaction, which closed on October 2, 2024.

Founded in 1973, Texas Tool Traders is a leading retailer of fasteners, tools and other supplies serving the single and multi-family residential construction market across Texas. The Company is headquartered in Weimar, Texas and operates 14 locations statewide, supporting customers in the Austin, Dallas-Fort Worth, San Antonio and Houston metro areas. The Company sells to homebuilders, contractors, roofers, fencers, pallet companies, homeowners and more.

“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,” said Garrett Anders, president of Texas Tool Traders.

“We have operated as a stable and growing family business for many years,” added Travis Anders, vice president of Texas Tool Traders. “Now, with US LBM leading the way, we can grow our business dramatically, a challenge that our team members welcome.”

US LBM offers a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard. US LBM runs a national platform with a local go-to-market strategy through its national network of locations across the country. In addition to Texas Tool Traders, US LBM operates in Texas under multiple brand names, including Texas Building Supply, which supplies a wide range of specialty building materials to production, custom, multi-family and commercial contractors. Texas Tool Traders will add a strong market position in nails and fasteners to US LBM’s already impressive offerings.

“Texas Tool Traders was started in a Houston flea market more than 50 years ago by Garrett and Linda Anders, and today, they and their three sons operate from more 14 locations across Texas. The Company maintains a focused business model and enjoys a stellar reputation as the premier supplier of construction fasteners, tools and supplies to framing contractors, builders and remodelers across Texas,” said Cliff Atherton, managing director of GulfStar. “This acquisition will expand US LBM’s strong existing position in Texas while enhancing its product offerings to customers in Texas’ major construction markets. Texas is the nation’s leader in new residential construction.”

The GulfStar team was led by Managing Directors Cliff Atherton and Tom Hargrove along with support from Vice President Ashley Pappas, Associate Alan Sheppard and Analyst Alex Britz. Glynn Nance at Nance and Simpson served as legal counsel and Jimmie Williams and Stephen Ripper at Moss Adams provided accounting services to Texas Tool Traders.

About US LBM
US LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. US LBM and its 13,500 associates operate from 450 locations nationwide. Bain Capital and Platinum Equity are investors in US LBM.

About GulfStar Group
GulfStar is one of the leading middle market investment banking firms in the United States, with a proven track record of delivering exceptional results in merger and acquisition, private placement and strategic advisory services. We advise private business owners and corporate clients with revenues ranging from $25 million to $350+ million across a variety of key industry sectors. Founded in 1990, GulfStar has completed more than 750 transactions in 38 states and 18 foreign countries.