The Beringer Group is pleased to announce that our client, Buckner Distributing, has entered into an agreement for the sale of the company to Lee Supply Corporation of Indianapolis, Indiana.
Buckner Distributing, established in 1968 as a family-owned and operated business, is a diversified wholesale distributor of plumbing supplies. Lee Supply, also family-owned and operated since 1949, provides some of the highest quality plumbing, HVAC, water treatment, appliances, lighting products and services to customers throughout the Midwest. This acquisition gives Buckner Supply the advantages of being part of a larger company and access to additional product lines and services.
The Beringer Group was engaged in 2019 to explore transition options that would assure Buckner Distributing and its employees’ future success. Beringer served as the exclusive consultant and financial advisor to the owner and operator throughout the process. “Our approach was to find the best partner for president Lynn Harrison and his family, and to allow for the continued success of the company and their employees,” commented Brad Williams, Vice President at The Beringer Group. “Congratulations to Lynn and his Buckner family, and also to Chip and Bill Lee for continuing to deliver exceptional service in the Midwest region.”