Material Distributors Inc. Acquires Amerhart
Sunbelt Business Advisors (“Sunbelt”) served as the exclusive financial advisor to Material Distributors Inc. (MDI), a wholesale distributor of building materials based in Marshall, Minnesota, in connection with a sale of the company to Amerhart. MDI’s primary service areas are Southwest and Central Minnesota, Eastern South Dakota, and Northwest Iowa. The transaction closed Dec. 30, 2020. The acquisition strengthens 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. Amerhart has a strong presence in the Midwest and with this new acquisition,” said Amerhart CEO Mark Kasper. “We become more relevant to our regional and national customers and vendor partners, which is critical to our continued success.”