Gulfeagle Supply Acquires Banning Lumber & MillworkJanuary 24th, 2024 by Editor
Gulfeagle Supply Inc. has acquired Tri-Excellence Inc. d/b/a Banning Lumber & Millwork, in Largo, Florida. Washington Partners served as the exclusive advisor to Banning Lumber & Millwork in the transaction.
Terry and Marc Banning founded Banning Lumber & Millwork in 1990. The company is a fully stocked lumberyard offering an extensive selection of building products, including but not limited to millwork, doors, windows, moldings, stair parts and exterior siding. Banning is a wholesaler that sells exclusively to the trade.
“After nearly 35 years in business, Terry and I were looking to take advantage of what we had built and move on to the next phase of our lives. We wanted to spend more time with our family and friends, and travel – we have traveled as time has permitted but there are still many places we want to visit,” said Marc Banning, following the sale.
Gulfeagle Supply is a roofing and building products distributor. In addition to roofing products, the company’s offerings include lumber, drywall, windows and other building products.