FMI Advises ECMD, Inc. on its Acquisition of Klumb Lumber Company
Raleigh, NC - FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the acquisition of Klumb Lumber Company (“Klumb Lumber”) by ECMD, Inc. (“ECMD”). FMI Capital Advisors acted as the exclusive financial advisor to ECMD for this transaction.
“FMI provided us with invaluable guidance at every stage of this strategically important transaction for ECMD; evaluating the opportunity, negotiating our offer, and shepherding the transaction to a successful closing,” said ECMD Senior Vice President and CFO, Bill Elkin.
Established in 1945, Klumb Lumber Company is a leading wholesale distributor of lumber, building materials and specialty products to dealers and industrial customers throughout the Southeastern United States. ECMD will continue with the Klumb Lumber & Forest Products name, as well as all five Klumb distribution centers—Loxley, AL; Covington, GA; Gulfport, MS; Greeneville, TN; and Tyler, TX.
“Klumb’s heritage of leaning into relationships and building long-term trust with their customers and suppliers meshes perfectly with the core values established by our founder Allen Dyer,” said ECMD CEO Joe Woods. “We are excited to extend our footprint into the deep South and Gulf Coast.”
This acquisition establishes an ECMD footprint across 46 states servicing lumberyards, building product distributors, and retail home centers. ECMD will now operate under multiple banners including East Coast Mouldings, Crown Heritage, Arndt & Herman Building Products, ECMD Distribution, and Klumb Lumber and Forest Products. For additional information, visit ECMD’s website at www.ecmd.com.
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the construction industry. Our exclusive industry focus enables us to provide our clients with deep market knowledge, an unparalleled network of industry relationships and technical expertise, which all lead to superior outcomes for our clients.
FMI Capital Advisors Contact:
Porter Wiley, Managing Director
919-785-9210