ROSEVILLE, Calif.--(BUSINESS WIRE)--Homewood Holdings LLC (“Homewood”), a portfolio company of the investment firm Building Industry Partners LLC (“BIP”), has acquired the assets of Total Trim Construction, Inc. (“Total Trim” or “the Company”) from its owners, Jason and Patti Flashman. Total Trim provides quality interior trim, moulding, and door installation services to multi-family builders and commercial and hospitality developers and contractors.
Jason and Patti founded Total Trim in 2004, and have grown it into the leading independent full-service door and millwork installer in the greater Sacramento market. Total Trim joins the Homewood Holdings family of companies as its seventh overall investment and its second business in Northern California. Homewood Holdings’ other investment in the greater Sacramento market is Homewood Building Supply, a lumber & building materials “pro dealer” in Loomis and Yuba. The addition of Total Trim improves the ability of both businesses to collectively serve the turnkey millwork needs of greater Sacramento single-family, multi-family, and commercial builders.
Erich Kepner, CFO of Homewood Holdings commented, “Homewood Building Supply has worked closely with Total Trim for over a decade, serving many of the same residential and commercial builder customers as a complementary service partner. Total Trim has a very strong reputation in the Sacramento market, and we think Homewood’s support, combined with Jason and Patti’s expertise, will allow us to better serve our customers.”
Ron Horton, Door Division Manager of Homewood Building Supply added, “We’re very excited to welcome Jason and the Total Trim team to the Homewood family, and we look forward to providing an even greater breadth of turnkey services to our door and millwork customers throughout northern California.”
Jason Flashman of Total Trim said, “Patti and I have known and admired the Homewood team for a long time, and we believe the Homewood Holdings platform will provide even greater opportunities for our employees and allow Total Trim to accelerate its growth in the Sacramento market and beyond.”
Homewood Holdings was formed in April 2016 by BIP and building industry veteran, Jim Stockman, to build a best-in-class, regional pro dealer organization in the Western U.S. Today, Homewood Holdings is a pro dealer-focused distribution and installation platform with eight total locations in California, Washington, and Arizona, more than 300 total employees, and over $125 million in combined sales.
Homewood Holdings is actively seeking to partner with, and/or acquire, independent pro dealer, component manufacturer, and service provider organizations throughout the Western portion of the United States.
Background of Building Industry Partners
Building Industry Partners (“BIP”) is the leading growth equity investment firm focused on the U.S. middle-market building products industry. Founded in 2008, BIP has offices in New York, Boston, and Dallas and is managed by Matt Ogden, Zach Coopersmith, and John Hughes. BIP invests its principals’ own capital, as well as that of a small number of like-minded family office and individual limited partners, including a number of leading active and retired building industry executives. BIP maintains a large proprietary network of building industry operators, thought leaders and service providers that support its industry-focused proprietary opportunity sourcing, due diligence, portfolio company management and value creation efforts.
BIP invests via an “Operator First” model, serving as an equity capital partner to support proven building products industry leaders in building niche-leading businesses. To this end, BIP provides equity capital to: (1) owner-operators of niche-focused building products manufacturers, distributors and specialty service companies seeking capital for growth, liquidity and/or partial ownership transition and (2) proven building industry operators and entrepreneurs seeking to build a business within their niche of expertise, primarily via acquisition of a platform company and execution of organic and/or “buy & build” growth strategies. The Firm focuses primarily on majority or minority ownership investments involving platform companies with $20 to $250 million in revenues as well as smaller companies with unique growth opportunities or as part of larger “buy & build” acquisition strategies.
BIP principals have co-founded and/or served as the equity capital sponsor for a number of the building products industry’s leading middle-market companies and operators, including:
- U.S. LBM Holdings, now the 3rd largest LBM pro dealer organization in the U.S., in partnership with L.T. Gibson, BlackEagle Partners and team
- Kodiak Building Partners, in partnership with Paul Hylbert, Steve Swinney and team
- Rugby Architectural Building Products, in partnership with David Hughes, Drew Dickinson and team
- United Cabinet Holdings, in partnership with Butch Reimer and team
- Homewood Holdings, in partnership with Jim Stockman, Scott Blackburn, Keith Elledge, Ron McFarland, Kelly Slade, Ted Matthews, Jason Flashman, and team
- U.S. Fence Solutions Company, in partnership with Andrew Reed, Steve Stanley, Jeff Cook, Jim Bockelmann, Scott Crabtree, Alain Brûlé and team
BIP continues to seek opportunities to sponsor and support the building industry’s most talented business leaders in realizing their entrepreneurial visions.