Business Merger
DENVER (2013) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the combination of Jones Heartz Drywall Supply (“Jones Heartz”) with Kodiak Building Partners (“Kodiak”). Class VI Partners served as the exclusive financial advisor to Jones Heartz. “We were thrilled to be a part of this transaction and help Greg and his team find a great partner for their next stage of growth.” noted Chris Younger, Managing Director at Class VI Partners. “The Jones Heartz team has built an impressive company and market position; I know they will prove to be an excellent partner with Kodiak as they continue their growth throughout the region.”
Merger Details
For over 16 years, Jones Heartz has provided top quality building products and superior service to residential and commercial contractors in Colorado and southern Wyoming, and is a market leader. The Company’s products include wallboard, steel studs, track, joint treatment, trim, and fasteners, stucco and EIFS products. The Company is also the exclusive Dryvit distributor for the Denver, Colorado Springs, Fort Collins and Colorado Front Range markets. With an extensive fleet and a dedicated team, Jones Heartz represents the largest independent drywall distributor in the state of Colorado.
Greg Lyon, CEO of Jones Heartz, will stay on to lead the combined operations of Jones Heartz and Great West Drywall Supply, which was acquired by Kodiak in 2012. The combined company will serve as a platform for further acquisitions and growth. “I’m excited to take this next step in partnering with the team at Kodiak to expand our drywall and steel distribution business throughout the region while continuing to serve my existing customers here in Denver,” said Greg Lyon, owner of Jones Heartz. “The team at Class VI worked tirelessly throughout the entire process to not only identify the best partner, but continue to drive the transaction through due diligence and ultimately closing. They took the time to understand our business, people and our true objectives of the transaction – I always knew I had an ethical, professional and dedicated advisor in my corner. We would not have been able to consummate the deal without Class VI – they are a pleasure to work with and I am proud to be a client.” “We are very excited about having Jones Heartz join our team,” said Kodiak Chairman, Paul Hylbert. “Greg Lyon has built a fine organization and developed a terrific business. In addition to giving us a strong presence in Denver, the company and capable people offer us a platform on which to grow throughout the Mountain States Region.”
About Kodiak Building Partners
Kodiak Building Partners was founded in Denver in 2011 to invest in building products distributors. The firm’s current portfolio of companies includes Barton Supply, a steel fabricator and distributor with 3 locations in Colorado, Gulf and Basco, a window, cabinet and appliance distributor serving greater Houston, Great West Drywall Supply, a gypsum and accessories distributor also serving the Colorado market, and New England Building Supply, an LBM distributor serving the Boston market.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Greg Lyon, CEO of Jones Heartz, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Greg Lyon may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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