The owners of Frontier Building Supply and Kodiak Building Partners announced today the acquisition of substantially all of the operating assets of Frontier Building Supply, as of today. Frontier joins the LBM Division at Kodiak Building Partners under the leadership of Mike and Pat Flood, co-presidents of the Building Materials Group.
Frontier was founded in 1975 by Oscar Johnson and his sons Mike and Terry Johnson. These brothers served as President and Vice President, respectively. The Johnsons and their company have a rich and proud history of northwest logging.
The Johnsons will retire, and Chuck Posey will assume the role of President. Chuck has been an integral part of Frontier for over 30 years and has worked his way up through the ranks, serving in a variety of positions. While fully prepared and looking forward to leading Frontier, Chuck will miss his daily lunches with Mike and Terry.
Chuck worked closely with the Johnsons throughout the entire acquisition process. Frontier explored many options for the brothers’ exit strategy and confidently selected Kodiak. Chuck states that Kodiak is made up of “lumber guys” and they are a good fit for maintaining Frontier’s culture and legacy. He said, “The folks at Kodiak have a great track record of retaining companies’ heritage after acquisition. They allow their companies to ‘keep up the good work’ and stick to their roots.”
Steve Swinney, Kodiak’s CEO, echoed Chuck’s statement by saying, “The team at Frontier runs a very successful business in a unique geography, serving professional builders and remodelers. Our decentralized business model allows us to support all that they profitably do and offer our assistance where it makes sense.” Additionally, Steve is excited that Frontier is committed to giving back to their local communities, as all Kodiak companies do.
Anchor Peabody represented the seller in this transaction.
About the Companies:
Frontier Building Supply strives to be a long-term supplier of building materials to their clientele in the northwest, operating 5 lumberyards and 1 millwork operation in Washington, with over $35 million in sales in 2017. Their team of 70 employees share a philosophy of offering unparalleled customer service, quality materials at competitive prices, and believing that their communities are a part of who they are.
Kodiak Building Partners serves general contractors, homebuilders, sub-contractors, remodelers, and consumers through its 77 facilities in Washington, Texas, Florida, Colorado, Arizona, Delaware, Massachusetts, Michigan, Wisconsin, Minnesota, and Maryland with a diverse array of products from four distinct segments; Interiors (Specialty, AWS and FBS), Construction Supplies (Barton, Barnsco TX, Barnsco MI, Erect A Line), Lumber and Building Materials (Zarsky Lumber, ForestTek/Overseas Lumber, New England Building Supply, Gulf & Basco, American Building Supply, Builders Millwork, Frontier Building Supply) and Commercial Drywall and Doors (Jones Heartz, DMS, AO, and Freedom Materials). www.kodiakbp.com
For further information on this transaction, inquiries regarding the Kodiak acquisition process, or questions about our family of companies, please contact Cally Fromme, VP, Communications and Culture at cally.fromme@kodiakbp.com.