One deal did all the difference in construction supply’s M&A world in 2024. The Home Depot’s purchase of SRS Distribution’s 769 locations turned last year into the most active year for LBM facilities acquired since at least 2018. But when you exclude that buy, 2024 turns out to be the slowest year for M&A this decade in facility terms and second slowest for number of deals. Greenfield openings also were slightly behind the pace set in 2022 and 2023.
How 2024 Compared with Recent Years
The Webb Analytics Deals Database counts construction supply facilities where home builders or remodelers would be likely to shop for wood products and goods that generally go into the construction of the building envelope. It also counts hardware stores and similar places where remodelers and DIYers would go. Among these stores, we’ve seen 4,203 facilities acquired since 2018. Lumberyards and truss companies account for nearly a third of all acquisitions since 2018, followed by roofing and gypsum locations. For 2024 alone, The Home Depot’s purchase of SRS Distribution dramatically increased the share of facilities acquired that sold roofing, landscaping, and pool supplies. As for the 1,164 greenfield openings, hardware stores and roofing specialists made up half of the new stores between 2018 and 2024 and nearly two-thirds of the activity in 2024 alone. The flooring numbers belong almost exclusively to fast-growing Floor & Decor.
Lumberyards and Components Activity
A total of 214 lumberyards and components facilities got new owners, opened anew, or were closed in 2024. Several longtime, well-known dealers sold out, most notably Colorado’s Alpine Lumber, New Mexico’s RAKS Building Supply, Minnesota’s Simonson Lumber, and Alabama and the Florida Panhandle’s Townsend Building Supply.
All told, 103 facilities were purchased, 32 had greenfield openings, and 13 were closed (often as part of consolidations into new yards). Contract Lumber bought three yards and opened four greenfield facilities. The biggest single acquisition of truss companies mainly involved Canada, when RONA bought All-Fab Group. Another sort of components operation—door shops—saw Foundation Building Materials buy the 15-unit United Door & Hardware.
| Truss/Component Location Activity |
| Year |
#Acquired |
#Greenfield |
#Closed |
Total |
| 2024 |
25 |
11 |
1 |
37 |
| 2023 |
25 |
11 |
1 |
37 |
| 2022 |
44 |
6 |
3 |
53 |
| 2021 |
37 |
21 |
6 |
64 |
| 2020 |
102 |
8 |
0 |
110 |
The complete 2024 Deals Report is available as a free download online.
Webb Analytics is a data and research consultancy that helps executives in construction supply spot the trends, threats, and opportunities that matter most. It’s led by Craig Webb, one of the nation’s best-known industry figures and the former editor-in-chief of ProSales, the construction supply industries most honored publication. Aside from the annual deals report, Webb Analytics also produces the Construction Supply 150, consults with dealers, publishes research reports, and speaks at industry events.