Monday, February 7, 2022
TAL Holdings, one of the fastest growing family-owned building material centers in the Pacific Northwest announced today they have reached an agreement in principle to acquire the three-store chain, Midway Building Supply, located in Tonasket, Oroville, and Republic, WA.
“We could not be more excited to welcome Midway Building Supply to our family of brands,” shared Jason Blair, CEO of TAL Holdings. “Over the 64 years that Midway has been in business, they have continued to grow and support the communities they serve, fitting perfectly into TAL’s ‘helping build better communities’ model.”
First opened in 1958, Midway Building Supply started as Midway Tile, a manufacturer of concrete well tile located in Ellisforde, WA. The founders, Myrtle and Don Wood Jr, changed the direction of the company after they bought their first load of lumber in 1965 and eventually the company became Midway Building Supply.
Chris Wood, the third-generation owner joined Midway in 1984 and began running the family business in 1988. Under Wood’s leadership, Midway expanded to Oroville in 1989, relocated the Ellisforde location to Tonasket in 2001 and opened the Republic location in 2017. Wood will stay on with the Midway team and play an important role after completion of the acquisition.
Wood said, “We feel like we found a partner in TAL who places the same emphasis on people and community as we do here at Midway. Joining forces with TAL will give our team more growth opportunities and allow us to broaden our reach and product offerings, allowing us to even better serve our customers.”
After a transition period, Midway Building Supply will begin operations as part of the TAL family of brands on February 28, 2022, maintaining their current name Midway Building Supply.
“This is a great acquisition for TAL. The Midway team is a perfect addition as we continue to expand our footprint in the Pacific Northwest and strengthen our commanding presence in the North Central Washington market,” Blair added.