Regimen Equity Partners Scales Vancouver Island Footprint via Lumberworld Acquisition
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Central Builders' Supply expands its Greater Victoria presence by acquiring the operating assets and real estate of the long-standing supplier.
Central Builders' Supply (CBS), a portfolio company of Regimen Equity Partners, has acquired the underlying real estate and substantially all operating assets of Lumberworld Operations Ltd., according to reporting from the Financial Post.
Based in Victoria, BC, Lumberworld was established over 50 years ago by the Flaig family. The company operates as a full-service supplier of construction products and building materials for commercial clients, contractors, and homeowners in the Greater Victoria region.
For CBS, the deal serves as a strategic expansion of its regional footprint. The acquisition, combined with the recent opening of a new location in Langford, establishes a reinforced market presence for CBS in Greater Victoria. The move is intended to improve delivery capabilities, accessibility, and product offerings for the company's customer base.
With the addition of Lumberworld, CBS now operates seven locations across major Vancouver Island markets, ranging from Campbell River to Victoria. According to the Financial Post, the integration into the CBS group is expected to provide operational improvements and purchasing efficiencies for the Victoria location.
Beyond the business operations, the transaction includes the acquisition of the real estate where Lumberworld is located, as well as an adjacent parcel of land designated for redevelopment.