Homewood Holdings LLC (Homewood), the Sacramento, Calif.-based pro dealer, has increased its presence and services in the Pacific Northwest and Seattle market.
A portfolio company of the investment firm Building Industry Partners LLC (BIP), Homewood has acquired the assets of Eagle Creek Siding, L.L.C. and Mud Bay Manufacturing, LLC, from longtime owners, Jon Hunter and Scott Kramer.
Founded in 1999 and based in Olympia, Wash., Eagle Creek Siding is a market-leading installer of exterior siding in greater Seattle, serving local and regional builders of both single-family and multi-family residential projects. Mud Bay is a manufacturer of wood building products, siding accessories, architectural and structural supports, and exterior details for contractors and homebuilders.
Combined, the company employs more than 30 people and, through its proprietary network of installation subcontractors, brings a total effective labor force of more than 150 installers to market for builders in the Pacific Northwest. Terms of this deal were not disclosed.
Eagle Creek Siding has been a longtime customer and strategic partner of Homewood’s Evergreen Lumber, a Port Orchard, Wa.-based dealer that was acquired by Homewood in January 2017. Eagle Creek and Evergreen have served the turnkey siding and window installation and building materials needs of many of national and regional homebuilders in Seattle for nearly 20 years, Homewood said.
The transaction addressed succession-planning needs of Eagle Creek Siding’s owners, Jon Hunter and Scott Kramer, following careers in the building industry spanning more than 40 years, Homewood said.
Industry veteran Ron McFarland will continue to lead Eagle Creek Siding as general manager; along with Jeff Fleury, operations manager; Natalie Byrne, accounting manager; Rocky Tennison, estimating manager; and Travis Houston, production team manager.
“We are thrilled to welcome Eagle Creek into the Homewood family of companies. The addition of Eagle Creek will help us better serve customers in the Washington market, and fits Homewood’s acquisition strategy of investing in strong businesses in growing markets, in partnership with proven operators,” said Zach Coopersmith, managing partner of BIP.
Eagle Creek is the fourth overall acquisition made by Homewood Holdings and its second in Washington. In a prepared statement, Homewood said Eagle Creek’s network of installation subcontractor relationships “represents a critical service offering for homebuilders in a market that continues to suffer from tight labor supply.”
Following this acquisition, Homewood Holdings has more than 225 employees and over $100 million in combined sales.
“We are committed to supporting operational best practices to continue to build an industry-leading building products supply and installation company,” said Jim Stockman, CEO of Homewood Holdings.
Scott Blackburn, Homewood Holdings Washington market president, added, “The acquisition brings together the Pacific Northwest’s best-in-class siding and building materials supplier, Evergreen Lumber, and market-leading siding installer, Eagle Creek Siding. I’m excited to get to work with Ron and the rest of the team to realize the opportunities we envision for Eagle Creek and Evergreen.”