The acquisition of Pioneer Industries, LLC, encompassing Pioneer Truss Company and Pioneer Home Center located in Owensville, Missouri, by Ambassador Supply was successfully finalized on December 20, 2021. Generational Equity, a well-regarded mergers and acquisitions advisor for privately held businesses, acted as the advisor for Pioneer Industries in this transaction.
Pioneer Home Center, situated in Owensville, Missouri, has been a cornerstone of the community since 1995. The company has established itself as a leading truss manufacturer, a comprehensive home retail center, and a reliable equipment rental provider within the region. Known for its dedication to superior service, Pioneer has built a strong customer base through its commitment to quick turnaround times on quotes, service, and product delivery, all while maintaining dependable quality.
Pioneer Truss Company, a division of Pioneer Industries, is Truss Plate Institute (TPI) certified, underscoring its commitment to quality and industry standards. The company utilizes modern, computer-driven saws and state-of-the-art laser projection systems operated by skilled crews. This technology ensures precision and consistent quality across all projects, regardless of size or complexity. Complementing the truss manufacturing, Pioneer Home Center offers an extensive array of products for homeowners and contractors alike, further enhanced by its equipment rental services, making it a one-stop shop for many needs in Owensville, Missouri.
Ambassador Supply, headquartered in Fort Wayne, Indiana, is the acquiring firm. Brad Crawford, President and CEO of Ambassador Supply, articulated the company’s strategic focus: “Ambassador Supply is composed of companies dedicated to supplying manufactured building products, post-frame building solutions, and top-tier building materials to professional contractors in the agricultural, residential, and commercial building sectors.”
Crawford further highlighted Ambassador Supply’s impressive growth trajectory, noting, “Ambassador Supply has expanded significantly from its initial acquisition in 2013 to achieve its current status with $275 million in annual revenue and a team of over 450 employees across numerous states.” This acquisition of Pioneer Home Center and Pioneer Truss Company represents a strategic expansion for Ambassador Supply in the Midwest market, specifically strengthening its presence in Missouri.
Matthew Lenauer, speaking on behalf of himself and his brother Chris Lenauer, the former co-owners of Pioneer Home Center and Pioneer Truss, shared their perspective on the transaction: “After 22 years, Chris and I decided to proceed with a letter of intent to sell Pioneer Industries, LLC, which includes Pioneer Home Center and Pioneer Truss.” This decision marks a significant transition for the Lenauer brothers and for Pioneer Home Center in Owensville, Missouri, as it embarks on a new chapter under the ownership of Ambassador Supply.
The deal was successfully managed by Generational Equity’s Executive Managing Director of M&A – Central Region, Michael Goss, and his team, with support from Senior Vice President, Mergers & Acquisitions, Andrew Byrd. Senior Managing Director Joe Van Voorhis played a crucial role in establishing the initial connection with Pioneer Industries.
Michael Goss commented on the successful outcome, stating, “We are thrilled for Chris and Matt Lenauer and Brad and the Ambassador Supply team. This transaction is a win-win situation for Chris and Matt, their employees, and all stakeholders involved.” He further added, “Ambassador is a robust acquirer and operator that will inject additional growth capital to further expand the business and provide increased opportunities for Chris, as he continues to lead the business, and for the existing key managers and employees to advance their professional development.” The acquisition promises continued growth and stability for Pioneer Home Center and Pioneer Truss Company within Owensville, Missouri, under the umbrella of Ambassador Supply.
About Generational Equity
Generational Equity, along with Generational Capital Markets, Generational Wealth Advisors, Generational Consulting Group, and DealForce, constitutes the Generational Group. Headquartered in Dallas, Generational Group is a leading M&A advisory firm in North America. With a team of over 250 professionals across 16 North American offices, the group assists business owners in unlocking the value of their businesses through growth consulting, M&A, and wealth management services. Their comprehensive six-step approach encompasses strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
Contact:
Carl Doerksen – Media Contact – [email protected] – (972) 342-0968
Source: Generational Equity Group, Inc.
