US LBM Holdings announced the acquisition of seven-unit Shelly Enterprises of Telford, Pa., the company’s ninth acquisition since 2010.
Founded in 1923, Shelly’s is one of the oldest and largest building material suppliers in Eastern Pennsylvania with seven locations serving five counties in the metro Philadelphia area for the builder, remodeler and consumer. “Shelly’s 90-year history is a result of its relentless focus on providing top quality products with first class service to its customers,” according to the release announcing the acquisition.
Shelly’s adds to US LBM’s presence in Pennsylvania with building material suppliers John H. Myers & Son, serving south central Pennsylvania since 1916 with six locations and Universal Supply serving the Philadelphia market since 1965.
“Through the hard work and dedication of employees over many years, the Shelly family is proud of the contributions made in the development and ongoing growth of our communities,” said Bill Shelly, a third generation family co-owner.
Added co-owner Greg Shelly: “Our partnership with US LBM allows Shelly’s to enjoy the benefit of additional resources to promote continued growth. Shelly’s will continue to have the local feel and focus that our customers deserve with the resources of a much larger organization.”
Bill and Greg Shelly are staying on with the company for the forseeable future, according to US LBM Holdings.
US LBM president and CEO L.T. Gibson said: “Shelly’s service capabilities, breadth of product offering and leading market position make it a great fit for US LBM as we continue to build momentum in the marketplace through acquisition and new locations. We are excited to partner with the Shelly’s team and continue their impressive history of growth.”
US LBM is a collection of eight building material distributors serving the Midwest, Northeast and Mid-Atlantic in eight states with more than 50 locations. Implementing the philosophy of local management and leadership, US LBM capitalizes on the premier reputation of its operating companies and the local customer relationships that each operation is known for in its market. US LBM is owned by private equity firm BlackEagle Partners and is recognized as one