Generational Equity Advises Masters Lumber and Hardware in Sale to Boyne Capital

By Generational Equity

07/16/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Masters Lumber and Hardware, LLC (dba Masters Building Products), to Boyne Capital. The acquisition closed June 23, 2021.

Masters Building Products (MBP), located in Sunrise, Florida, is an international distributor of a broad line of building materials, specializing in a variety of flooring, moldings, decking, installation products, stairs, and flooring supplies. The Company offers a variety of flooring, broadly categorized as vinyl flooring, laminate flooring, porcelain tile, and wood flooring. Other products include moldings, flooring accessories, and delivery and service charges.

MBP prides itself in utilizing a variety of eco-friendly materials and sources, offering over 98 flooring styles, 396 molding products and styles, 71 installation products, and 94 stair styles. The Company’s multiple locations and relationships with manufacturers allow customers to benefit from factory pricing direct from the manufacturer and next day shipping throughout Florida.

Boyne Capital (Boyne), located in Miami, Florida, is a private equity firm specializing in investments in lower middle market companies. The firm primarily invests through acquisitions, buyouts, management buyouts, recapitalization, corporate divestitures, equity ownership, by generational transfer in family business, and by providing equity to support growth without a change of control. It seeks to invest in consumer product, healthcare, niche manufacturing and financial services industries, small market niche leaders such as niche manufacturers of consumer, industrial products, and unique service, and value-added distribution companies.

The firm typically invests in the United States and Canada. It prefers to make control or minority growth investments. The firm seeks to invest in companies with revenues less than $100 million and a minimum EBITDA of $3 million. It prefers to hold management control and to become an attractive partner in its portfolio companies.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director Southeastern Region, Julie Sandoval, with the support of Vice President, Mergers & Acquisitions, Alex Mironov, successfully closed the deal.

“This was a great opportunity all the way around; not only was this an ideal fit, but the level of professionalism of both sellers and buyers made for a smooth transaction,” said Sandoval.