Olympia, Wash. — Homewood Holdings LLC, a portfolio company of the investment firm, Building Industry Partners LLC, has acquired the assets of Eagle Creek Siding, LLC, and Mud Bay Manufacturing, LLC, from their longtime owners, Jon Hunter and Scott Kramer.
Founded in 1999 and based in Olympia, Wash., Eagle Creek Siding is an installer of exterior siding in the greater Seattle market, serving local and regional builders of both single-family and multi-family residential projects. Mud Bay is a manufacturer of wood building products, siding accessories, architectural and structural supports, and exterior details for contractors and homebuilders. Combined, the company employs over 30 people, and through its longstanding, proprietary network of installation subcontractors, brings a total effective labor force of over 150 installers to market for builders in the Pacific Northwest.
Eagle Creek Siding has been a longtime customer and strategic partner of Homewood-owned Evergreen Lumber, the Port Orchard-based distributor of lumber, millwork, siding and other building materials. Together, Eagle Creek and Evergreen have served the turnkey siding and window installation and building materials needs of many of greater Seattle’s leading national and regional homebuilders for nearly 20 years.
Eagle Creek Siding joins the Homewood Holdings family of businesses, as its second investment in Washington state and fourth investment overall. Homewood Holdings acquired Evergreen Lumber in January 2017 as its first expansion into the Seattle market.
Homewood Holdings was formed in April 2016 by BIP and building industry veteran, Jim Stockman, to build a best-in-class, regional pro dealer organization in the West. Homewood Building Supply was the inaugural investment in March 2016. The addition of Eagle Creek Siding and Mud Bay creates a pro dealer distribution and installation platform with six locations in California and Washington, more than 225 total employees, and over $100 million in combined sales.
Scott Blackburn, Homewood Holdings Washington Market President, commented, “We are really excited to add Eagle Creek and its industry-leading siding installation capabilities to our portfolio of businesses. The acquisition brings together the Pacific Northwest’s best-in-class siding and building materials supplier, Evergreen Lumber, and market-leading siding installer, Eagle Creek Siding. I’m excited to get to work with Ron and the rest of the team to realize the opportunities we envision for Eagle Creek and Evergreen.”