RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising Lansing Building Products (Lansing) on its pending acquisition of the distribution business of Harvey Building Products (Harvey Distribution). Lansing is a leading supplier of exterior building products across the U.S.
Through Lansing’s acquisition of Harvey Distribution, the company adds 36 branches in the Northeast to bring its combined footprint to 113 U.S. locations. In connection with the Harvey Distribution acquisition, Lansing will enter into a new partnership with Markel Ventures, a transaction on which Harris Williams is also advising. Both transactions are being led by Mike Hogan, Tim Webb, Graham Rives and Shinik Patel of the Harris Williams Industrials Group.
This transaction demonstrates Harris Williams’ strength in the building products sector having advised on over 100 building product deals. With a proven track record of working with leading building products distributors, including SRS Distribution, Harvey Building Products, US LBM, GMS and Roofing Supply Group, Harris Williams continues to deliver successful outcomes.
Since 1955, the Lansing family and its dedicated team of associates have supplied high-quality exterior building products and exceptional service to professional contractors across the United States. With the acquisition of Harvey Distribution, Lansing will operate a network of 113 branches in 35 states. The company is headquartered in Richmond, Virginia.
Harvey Building Products is a vertically-integrated manufacturer and distributor of high quality windows and doors in addition to other exterior building products. Founded in 1961 and headquartered in Waltham, Massachusetts, the company serves a variety of contractors and building industry professionals across the Northeast. The distribution business to be acquired in this transaction has approximately 600 employees and operates 36 warehouse locations.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC).
The Harris Williams Industrials Group has experience across a variety of sectors, including advanced manufacturing; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
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