Stamford, CT – October 1, 2024: TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive M&A advisor to Milton Truss on its sale to US LBM, a portfolio company of Bain Capital Private Equity and Platinum Equity.

US LBM is a leading distributor of specialty building materials in the United States, and Milton Truss is a top manufacturer and distributor of structural building components.

Serving the Florida Panhandle and southern Alabama for more than 40 years, Milton Truss manufactures floor and roof trusses for commercial and residential builders at its state-of-the-art facility in Milton, FL.

With the acquisition of Milton Truss, which will operate as part of Raymond Building Supply, US LBM now operates six component manufacturing locations in Florida. Charles Smith and Tim Noble will continue to lead Milton’s day-to-day operations.

“The addition of Milton Truss expands our network of truss manufacturing locations in the Southeast, increasing the value we bring to builders in Florida’s Panhandle and southern Alabama, and we’re pleased to welcome the Milton team to US LBM,” said US LBM President and CEO L.T. Gibson.

US LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country.

David Reilly, Managing Director at TrueNorth, acted as Lead Banker on this transaction with further support by Ani Vajjah, Vice President, and Guy Piccolo, Associate.

Mr. Reilly added: “It was our privilege to work with the Milton Truss team and help them achieve their objectives on this transaction, which was driven by a compelling strategic rationale for both parties.”

Inquiries about the transaction can be directed to TrueNorth at the contact information provided below:

David Reilly, Managing Director
Stamford Office
Phone: (203) 817-0282
E-mail: dreilly@truenorthcp.com

About TrueNorth Capital Partners LLC:

TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford CT, Charleston SC, Central, NJ, Naples, FL, Minneapolis, MN, Tokyo, Japan and London, UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC:

Scout Valuations, a wholly owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.