Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Tuesday announced it has acquired American Construction Source (ACS). Once the deal closes, US LBM Holdings will have operations in nearly 400 locations nationwide, including several new states.

Financial terms of the private deal weren’t disclosed. The transaction is expected to close during the third quarter of 2021 subject to the customary closing conditions and regulatory approvals.

American Construction Source’s portfolio consists of multiple locally branded building material distributors and manufacturers, operating more than 70 locations in Arizona, Arkansas, California, Colorado, Minnesota, Missouri, Nevada, Washington and Wisconsin.  The company is backed by Angeles Equity Partners, LLC and Clearlake Capital Group, L.P.

“With the addition of the ACS portfolio, US LBM will strengthen our position in the Midwest and California, and expand our reach to Colorado and Washington, two quickly growing construction markets,” said US LBM President and CEO L.T. Gibson. “We look forward to working with the ACS team and their local operators to continue leveraging their strong relationships, experience and teams to grow in their respective markets.”

US LBM has completed more than 65 acquisitions since it was founded in 2009, including four since being acquired by Bain Capital Private Equity in late 2020. Earlier this month, US LBM announced the acquisition of Higginbotham Brothers, a building products dealer with 40 locations in Texas and Oklahoma.