Boston-based Fidelity Capital acquired Lanoga Corp., a Redmond, Wash.–based pro dealer with more than 320 distribution, manufacturing, and assembly facilities in 24 Western and Midwestern states. Lanoga is being merged with Strober Organization, a South Plainfield, N.J.–based pro dealer with 91 locations in 15 states in the Northeast and Southeast, which Fidelity took private in 1997. The new corporation, known as Pro-Build Holdings, is projected to generate $5 billion in sales this year, which would make it the largest pro dealer in the United States. Fidelity’s president Paul Mucci told BUILDER the two dealers would operate independently, but could jointly supply production builders in multiple markets.
Learn more about markets featured in this article: Boston, MA.
