Regimen Equity-backed Central Builders’ Supply acquires Lumberworld

Regimen Equity Partners’ portfolio company Central Builders’ Supply has acquired substantially all the operating assets of Lumberworld Operations, along with the underlying real estate, in the Greater Victoria region of British Columbia.

Lumberworld, located near the intersection of Quadra and MacKenzie in Victoria, was established more than 50 years ago under the ownership of the Flaig family. It has supplied building materials and construction products to homeowners, contractors, and commercial customers throughout Greater Victoria.

The transaction also includes an adjacent parcel of land available for redevelopment.

With this addition, CBS now operates seven locations spanning Vancouver Island’s major markets, from Victoria to Campbell River. This acquisition complements the recent opening of a new CBS location in Langford.

“Lumberworld is a complementary location to our existing six Vancouver Island stores and we feel the timing of this acquisition will allow us to benefit from future improvement in the construction industry,” said Gerry Bellerive, managing director at Regimen.