National firm acquires family owned operation
A national building materials supplier has acquired a 74-year-old Grand Junction business previously operated by three generations of the same family.
ProBuild Holdings announced that it had acquired the assets of Harbert Lumber Co., including its operations along North Avenue in Grand Junction as well as its outlets in Aspen, Glenwood Springs and Steamboat Springs. The terms of the sale agreement were not disclosed.
“We’re very excited to join the ProBuild family,” Gordon Harbert, owner of Harbert Lumber, stated in a news release issued by ProBuild. “Their resources ensure the business we’ve built will maintain our leadership position in all the Western Colorado markets we serve. We look forward to the added opportunities this merger will provide to our employees as well.”
Harbert Lumber employed a total staff of 45 at four locations.
Bill Myrick, president and chief executive officer of the Denver-based ProBuild, stated in the news release the acquisition will enable his company to better serve Colorado, including the mountain towns in which the company didn’t previously enjoy a robust presence.
“Within each market, ProBuild will combine local market expertise with the strength and scale of a national industry leader to continue delivering on the needs of our customers and partners.”
ProBuild has operated in Grand Junction since 2007, when it acquired Home Lumber. In 2009, ProBuild moved into new facility along Riverside Parkway offering 52,000 square feet of space situated on more than 12 acres.
Probuild has expanded in Colorado even as housing starts across the Rocky Mountain West have began to increase for the first time since the recession. The company operates 10 retail locations in the state.
Nationwide, ProBuild operates a total of more than 450 distribution, assembly and manufacturing locations in 42 states. The company has become a leading supplier of lumber, plywood, gypsum wallboard and other building materials. The company also manufactures doors, millwork, trusses, wall panels and windows as well as installs framing, insulation and millwork.
Gordon Harbert started working for Harbert Lumber in 1979 and purchased the company in 1990, the third generation of the Harbert family to oversee the business.
Harbert substantially expanded the operation from what was one company with 24 employees to what at one time was nine companies with a total of nearly 230 employees.
In 2007, Harbert Lumber acquired retail building materials outlets from BMC West Corp., including BMC outlets in Glenwood Springs and Steamboat Springs as well as the business assets of an outlet in Aspen. The acquisition helped to diversify the operation by adding three mountain resort markets to the service area.
Glenn Harbert established Harbert Lumber in 1937 and developed the business for 30 years before retiring. Ty Harbert took over in 1970 and the business grew from a 900-square-foot store to a 10,000 square-foot facility located along North Avenue.