ProSource LLC, a provider of construction materials and supplies based in the United States, acquired Huber Supply, a distributor serving the Southeastern U.S., according to an announcement on April 5, 2023.

Deal-at-a-Glance
Acquirer:ProSource LLC (US)
Target:Huber Supply (US)
Value:Undisclosed
Type:Acquisition
Closed date:April 5, 2023
Announced date:April 5, 2023

The acquisition is aimed at expanding ProSource's product offerings and geographic reach in the Southeastern United States.

Deal Mechanics

No specific financial terms were disclosed for the transaction. The deal was announced on April 5, 2023, with the closing date also set for that day.

Strategic Rationale

The acquisition of Huber Supply by ProSource aligns with the company's strategic objective to strengthen its presence in the Southeastern U.S. market and broaden its product range within the construction materials sector.

Financial Context

No financial details regarding the transaction value or key terms were provided by either party. The companies have opted not to disclose buy-side or sell-side advisors, legal counsel for either side of the deal, nor any specific financing arrangements.

Advisors

The deal was announced without providing information on financial advisors or legal counsel involved in the transaction.

Outlook

With this acquisition, ProSource aims to fortify its position as a leading supplier of construction materials and supplies across the Southeastern United States, leveraging Huber Supply's distribution network and market knowledge.