Wednesday, April 16, 2025
The global construction supplies distributor Kodiak Construction Partners has announced the purchase of New River Building Supply & Lumber Company, a reputable supplier of building materials that has been in business in North Carolina since 1973. This strategic acquisition maintains New River’s service and experience in the High Country of the region, including Boone and Banner Elk, while bolstering Kodiak’s position in the emerging Southeast market.
“Kodiak and New River share a commitment to continuous improvement, striving each day to enhance our operations and strengthen support for our customers and communities. Our opportunities for growth with New River and in the Southeast are not done,” commented Steve Swinney, CEO of Kodiak Building Partners. He went on, “Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? This partnership is another step toward our goals —and fuels our commitment to be better tomorrow than we were today.”
With support from Kodiak’s resources, experience, and nationwide network, New River Building Supply & Lumber Company will continue to uphold its dedication to fostering strong customer relationships after the acquisition. This will enable strategic growth to satisfy the region’s growing demand for building materials. Kodiak’s expansion ambitions have advanced further with this acquisition, which reaffirms the company’s commitment to supporting regional companies and improving customer satisfaction in important areas.
“Partnering with Kodiak makes us a stronger company with access to a wide network of industry knowledge, and additional resources to serve our customers and meet the growing demand for quality building materials in our communities,” pointed out Perry Yates, president of New River Building Supply & Lumber Company. “This partnership will ensure our legacy in these North Carolina communities can continue for generations to come.”
New River offers a wide range of premium building supplies in addition to a specialized timber and log business that helps clients design and build the log homes of their dreams.
Throughout the acquisition, New River Building Supply received legal help from McGuire Wood & Bissette and financial advice from BDO Capital Advisors, LLC.
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