BUILDING INDUSTRY PARTNERS LLC (“BIP”) FORMS NEW REGIONAL LBM PLATFORM, HOMEWOOD HOLDINGS LLC, IN PARTNERSHIP WITH CALIFORNIA PRO DEALER INDUSTRY VETERAN, JIM STOCKMAN.   Homewood Holdings makes inaugural investment, recapitalizing Homewood Building Supply in partnership with its founders. Homewood Holdings will seek to build a best-in-class, regional pro dealer organization in California and the Pacific Northwest. Homewood Holdings represents BIP principals’ fourth platform investment in the building products distribution industry since 2009, after co-founding U.S. LBM Holdings and sponsoring Kodiak Building Partners and Rugby Architectural Building Products. Sacramento, CA – April 1, 2016 – Building Industry Partners LLC (“BIP”), the leading building products industry-focused private growth equity investment firm, has formed Homewood Holdings LLC (“Homewood”) in partnership with pro dealer industry veteran, Jim Stockman. BIP and Mr. Stockman formed Homewood to recapitalize Homewood Building Supply (“HBS” or “Homewood Lumber”) and build a best-in-class, regional lumber and building materials (“LBM”) pro dealer organization in California and the Pacific Northwestern U.S. Homewood has completed its inaugural investment, recapitalizing Homewood Lumber in partnership with its founders. HBS was founded in 1990 by the Noorani family and is a growing, independent, three-location LBM pro dealer, serving local, regional and national builders and contractors, as....::

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