Urbanna Builders’ Supply Acquired by Massey Builders Supply
Saluda, VA – Transact Capital Partners is pleased to announce that Urbanna Builders’ Supply located in Saluda, Virginia has been acquired by Massey Builders Supply of Richmond. Transact Capital Partners served as the exclusive financial advisor to Urbanna Builders’ Supply. The Transact team consisted of Jim Sowers, Barry Krauss and Lewis Hall.
Both Urbanna Builders’ Supply and Massey Builders Supply are independent businesses that supply lumber, doors, windows, deck coverings and other building supplies and hardware to contractors and homeowners. The merger combines the strengths of both companies and expands Massey Builders Supply’s presence in central Virginia.
Jim Sowers, Managing Partner at Transact Capital, represented Urbanna Builders’ Supply and commented: “The time came for the owners of Urbanna Builders’ Supply to sell the company, and Transact was pleased to find another locally-owned building supply business that was interested in expanding their successful business model.”
Dick Strauss, co-owner of Urbanna Builders’ Supply, commented: “The company was founded in 1933 and is the largest employer in Middlesex County. This transaction continues this strong heritage and secures the future for our staff as well as continuing to serve our loyal customers and the community at large. We are convinced that Mike and Will Christian at Massey Builders Supply are exactly the right people to continue the successful growth path for the company.”
Transact Capital Partners is a full-service mergers and acquisitions advisory firm that caters to business owners interested in the selling their business. Transact is located in Richmond, Virginia with offices in Chicago and throughout the Southeast. Investment banking services and security transactions are offered through Transact Capital Securities, LLC, member of FINRA and SIPC. To learn more about this transaction, or Transact Capital Partners, please contact Jim Sowers at 804- 612-7110 (Jim@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.
