
Generational Group Advises Direct Millwork in Sale to Builders’ General Supply
By Generational Group
03/03/2020
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Direct Millwork, LLC, to Builders’ General Supply. The acquisition closed February 19, 2020 and details were not disclosed.
Located in Washington, New Jersey, Direct Millwork, LLC (DM) is a building material supplier specializing in interior and exterior millwork products. The Company supports its product offering with in-house assembly and light manufacturing capabilities, as well as onsite take-off and project management experience.
Builders’ General Supply (BGS), located in Little Silver, New Jersey, is a building material supply company. Builders’ General was incorporated in 1931 with its first location in Cranford, New Jersey. The Company now has seven locations throughout the state of New Jersey and employs over 140 people.
BGS’ President, Philip Shaheen, commented “This opportunity is a definite ‘win-win’ for both DM and BGS and offers significant growth opportunities. DM’s millwork and door shop operations will compliment BGS’ millwork and door shop operations in its Freehold branch location, and also expand DM and BGS’ customer base and market, while also providing a broader offering of products to DM’s existing customers.”
DM’s products and services include interior doors, moulding, windows, exterior doors, hardware, and specialty products. DM’s primary delivery area is Central and Northern New Jersey, along with the Lehigh Valley in Pennsylvania and the entire northeast. BGS’ primary delivery area is Monmouth, Ocean, and Middlesex counties in New Jersey, along with some northern New Jersey locations and Staten Island in New York.
“DM brings excellent processes and an established, customer base. This acquisition gives us a unique opportunity to provide increased synergies within our company culture, while at the same time allows us both to continue to maintain strong relationships with our loyal customer base throughout New Jersey and surrounding areas,” added Shaheen.
“BGS is a highly regarded company in this region of the country. United by a common business culture, joining BGS makes perfect sense and will improve DM’s business growth opportunities and expand the products offered to our existing customers,” said Kevin Kuchova and Tom Snyder, Partners at DM.
Generational Group Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Senior M&A Advisor Gene Gall, and supported by Vice President Cory Painter, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with DM.
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.