On December 30, 2020, Amerhart acquired Material Distributors, Inc. (MDI), a wholesale distributor of building materials based in Marshall, Minnesota. Sunbelt Business Advisors served as the exclusive financial advisor to MDI in connection with the sale. Sunbelt initiated, structured and negotiated the transaction on behalf of MDI. The acquisition increases Amerhart’s presence in the Midwest, allowing it to better serve its regional and national customers with a broad assortment of building materials.
“In addition to being known for exceptional customer service, MDI’s team-oriented culture is very similar to ours, making this a perfect opportunity for continued expansion,” said Amerhart CEO Mark Kasper. “Amerhart has a strong presence in the Midwest and with this new acquisition, we become more relevant to our regional and national customers and vendor partners, which is critical to our continued success.”
“As we looked to transition MDI to new ownership, we wanted to find a partner that matched our values,” said Juli and Steve Sanders of MDI. “With its Midwest roots and emphasis on integrity and teamwork, we believe Amerhart will continue to build on MDI’s legacy of working hard, doing what is right and being good to our co-workers, customers and suppliers.”
Along with the acquisition, Amerhart created a Western Region, comprised of MDI and Amerhart’s existing West Salem, Wisconsin location.
Founded in 1940, Amerhart is based in Green Bay, Wisconsin and operates out of ten locations in Wisconsin, Illinois, Minnesota, Michigan, Kansas and Missouri. It employs over 300 team members and serves a wide variety of customers throughout the building industry.