Harris Williams Advises Lansing Building Products on the Pending Acquisition of the Distribution Bus. of Harvey Building Prod...
17 March 2020 - 7:38AM
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:
hwgermany@harriswilliams.com). 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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