Nation’s Best Acquires Groom & Sons’ and Lambert Lumber, Adding Locations in Texas and Oklahoma
February 24, 2020, DALLAS, Texas – Nation’s Best, a growing home improvement company, announces their acquisition of Groom & Sons’, a three-location retail hardware, home center and contractor lumber yard, founded in 1948, with locations in East Dallas, Mabank and Athens, Texas. This follows the recent addition of Lambert Lumber and Home Center, founded in 1996, based in Broken Bow, Oklahoma, to the Nation’s Best family of companies.
Supported by over 130 associates serving these four combined locations, Groom & Sons’ and Lambert Lumber offer a wide variety of hardlines and building materials to an established and diverse customer base of homebuilders, contractors, and do-it-yourselfers. Groom & Sons’ and Lambert Lumber will continue to offer exceptional service to their loyal customers, while Nation’s Best provides the strategic and financial resources necessary to support their continued profitable growth. As part of Nation’s Best acquisition model, Groom & Sons’ and Lambert Lumber will continue to operate under their existing brands, and their leadership teams will continue overseeing the businesses alongside the Nation’s Best management team.
“With an exceptional history of serving the North Texas and Southeast Oklahoma markets, we are pleased to welcome Groom & Sons’ and Lambert Lumber into our family of companies,” said Chris Miller, President & CEO of Nation’s Best. “Their loyal customer base, customer service focus and sophisticated leadership teams make these companies attractive additions to our portfolio and a perfect fit with our overall business model and vision.”
Roger Groom, President of Groom & Sons’ commented, “Nation’s Best is the ideal partner to strengthen our growth strategy. This partnership will provide great opportunities for our team members and will continue to give us the ability to provide our customers with best-in-class service. On behalf of Groom & Sons’ management team and all team members, including my family and I, we are thrilled to join the Nation’s Best family.”
“We are pleased to be partnering with Nation’s Best,” said Mike Lambert, representing the leadership team at Lambert Lumber. “Nation’s Best values of always putting customers first and treating all associates and stakeholders with respect aligns directly with the culture that Lambert Lumber has worked so hard to instill with all our associates for more than 20 years. We look forward to leveraging the best-in-class business practices and economies of scale provided by Nation’s Best to build on our success in the coming years.”
Nation’s Best is a member-owner of Do it Best Corp., the only U.S.-based hardware, lumber and building materials buying cooperative in the home improvement industry.
Anchor Peabody Advisory Services, LLC served as a financial advisor to Nation’s Best, providing due diligence and transaction execution support.
About Nation’s Best
Nation’s Best Holdings, LLC was founded in 2019 by industry veteran Chris Miller and currently owns and operates four locations in two States with over 130 associates. Nation’s Best is committed to identifying and acquiring best-in-class independent home improvement stores across the United States to ensure their continued relevance as vibrant community resources. To learn more, visit nationsbest.net.
About Anchor Peabody
Anchor Peabody Advisory Services, LLC is the leading transaction advisory firm to companies in the building products hardlines and distribution sectors. The Firm has provided transaction advisory services to its clients in over 13 transactions in the last 6 years, representing the sale of 118 locations with over $1 billion in revenues. For more information contact firstname.lastname@example.org.