The JIAN Group is pleased to announce the appointment of Fenton N. Hord as Chairman of the Board. Mr. Hord's legacy in the building materials industry is unprecedented. Mr. Hord retired from Stock Building Supply effective August 1, 2007 after 20 years of service most recently holding the position of Executive Director of Wolseley, plc from October 2000 to July 2007. A Richmond, Virginia native, Mr. Hord worked for Richmond based Eskimo Pie Corporation from 1967-1987, the last nine years as President and Chief Operating Officer. He graduated in 1970 from the University of Richmond and in 1974, he earned his M.S. from Virginia Commonwealth University.
Mr. Hord joined Stock Building Supply, then Carolina Builders Corporation in 1987 as President and Chief Executive Officer. Mr. Hord shepherded Stock's growth from seven yards in North Carolina with sales of 113 million dollars to 310 locations in 34 states with 5.3 billion dollars in sales in 2006. Mr. Hord is a member of and has served on may boards and organizations.
The JIAN Group welcomes the leadership and experience of Fenton Hord and are confident that our clients will benefit from this combination of industry leaders.
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Congratulations to Pilot Steel, Inc. of Pompano Beach, Florida and MMI Products, Inc. of Houston, Texas for a successful transaction.
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Congratulations to AT-Solutions of Fredericksburg, Virginia and CoVant of McLean, Virginia for a successful transaction.
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Congratulations to Precision Doors & Hardware of Alexandria, Virginia and Stock Building Supply of Raleigh, North Carolina for a successful transaction.
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Congratulations to Rosen Materials of Fort Lauderdale, Florida and Pro-Build of Denver, Colorado for a successful transaction.
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Congratulations to Garrett Materials of Las Vegas, Nevada and Pro-Build of Denver, Colorado for a successful transaction.
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Congratulations to K.B.C. Construction of Albuquerque, New Mexico and Stock Building Supply of Raleigh, North Carolina, for a successful transaction.
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NAHB website click here
BuilderOnLine website Click here
WTCA website click here
Joint Center for Housing Studies of Harvard University click here
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Pro Sales a Hanley Wood Publication/December 2003/In an article entitled "Cashing Out" by John Caulfield concluded that "The market for selling lumberyards has picked up, and creative deals abound as some dealers look to tap the benefits that new owners can offer while others hunt for exit strategies."
Mr. Caulfied's discussions with sellers revealed that the "insulting" offers tendered by buyers only a few years ago have suddenly gotten richer, or at least more in line with what sellers think their companies are worth.
Our Managing Partner, Michael Turner offered "The prospects for selling today are as great, if not greater, than at any time in the last 10 years."
Please contact us for a copy of the complete article "Cashing Out".
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