Action Gypsum Acquires Majority Share in ARGOS
Houston, TX – June 8, 2017 – Action Gypsum Supply led by Managing Partners Lenin Juarez and Terri King Peak, announced today it has acquired a majority interest in ARGOS Material Distribution and it’s two locations in Southern California. ARGOS, owned by Al and Tom Jordan, will retain a minority share and continue to manage its operations.
In a joint venture, the two distribution companies successfully opened a branch in Phoenix, AZ earlier this year. Action Gypsum holds the majority interest in that facility as well.
“Al and Tom have assembled an incredible group of people there at ARGOS. Their growth has been impressive and together we look forward to combining our growth strategies to build an even more significant independent company throughout the west.” – Lenin Juarez and Terri King Peak
Acquiring the majority interest in ARGOS allows Action to expand its presence further west increasing its locations to 11 total, with 8 in Texas, 1 in Arizona and now 2 in California. As more and more independent distributors throughout the United States become acquired by large corporate entities, this strategic move reinforces both Action and ARGOS’ position as dominant independent players in each of their respective markets.
“We couldn’t be more excited to partner with such a reputable company like Action Gypsum. Both companies share similar beliefs in company culture and approach to local markets with specific priority given to employees, customers and supplier partners. I’m confident this will be a profoundly successful endeavor while maintaining our competitive advantage as a strong independent company.” – Al and Tom Jordan
About Action Gypsum Supply:
Action Gypsum Supply, L. P., based in Houston, TX, on May 1st 2017 will complete fourteen years of operations. AGS currently has eight branches in the major markets of the state of Texas and one location in Arizona through joint venture.
About ARGOS Material Distribution:
ARGOS Material Distribution, LP is a family owned building materials distribution company that began in 2012 with the goal of providing its customers with the highest quality of service in the industry. ARGOS is headquartered in Chino, CA with locations in Long Beach, CA and Arizona through joint venture.
ARGOS Promotional Videos:
Chino Location: http://locations.argosdistribution.com/chino-ca/
Long Beach Location: http://locations.argosdistribution.com/long-beach-ca/