US LBM Adds New Jersey Based Former Stock Unit

US LBM Holdings LLC, a portfolio company of Building Industry Partners, and BlackEagle Partners LLC, recently closed the acquisition of Universal Supply Co. in partnership with Jeff Umosella. The move follows up on US LBM's acquisition of three regional operations from Stock in Wisconsin, Central New York and Connecticut.

With eight facilities, Universal is a pro dealer providing millwork, roofing, siding and other building materials to the southern and central New Jersey, eastern Pennsylvania and Delaware markets.
Founded in 1965 by the Umosella family, Universal was acquired in 2006 by Stock Building Supply. With the addition of Universal, US LBM is now comprised of 23 locations and more than 700 associates serving the professional building market with a primary focus on custom homebuilders, professional remodelers, multifamily and commercial contractors and retail trade.

Jeff Umosella, Stock’s New Jersey market manager, remains with the business, becoming Universal's president, a title he held prior to Stock’s acquisition in 2006. “The high quality of products and service that our customers have grown accustomed to over the past 45 years will only improve through our partnership with US LBM,” states Umosella. “With US LBM we have found a partner that respects the local nature of our business and will allow us to operate independently.”

“Each of US LBM’s subsidiaries will benefit through the acquisition of such a strong business model and management team at Universal,” states L.T. Gibson, US LBM president and CEO. “The relationships that Jeff has built with his customers, vendors and employees are among the best in our industry.”

“The acquisition of Universal demonstrates our commitment to US LBM as a platform in the lumber and building materials distribution industry," adds Jason Runco, a partner with BlackEagle. "We expect there to be additional opportunities in the industry to partner with leading operators in their markets.”