Maner Builders Supply: Two Deals Are Better Than One - Maner Builders Supply Sells Its Business Operations and Real Estate in Two Separate Transactions

JACKSONVILLE, Fla., Sept. 28, 2020 /PRNewswire/ -- Maner Builders Supply, a multifaceted building products dealer with locations in Augusta, GA, and Aiken and Charleston, S.C., has closed two separate but simultaneous sales transactions. In addition to the sale of its business operations to US LBM, a national leader of specialty building products in the US., Maner also sold its real estate to STORE Capital, a real estate investment trust, in a sale-leaseback transaction. Following the transaction, US LBM will lease the real estate as a tenant of STORE Capital. Heritage Capital Group, a mergers & acquisition firm with offices in Jacksonville, FL and Savannah, GA acted as exclusive financial advisor to Maner in both transactions. Don Wiggins, President of Heritage commented, "These transactions were a true ...Full story available on Benzinga.com