Lenauers sign letter of intent to sell Pioneer Industries to Ambassador Supply

By Dave Marner, Managing Editor
Posted 11/3/21

Owners of Pioneer Industries, which includes the home center and truss plant in Owensville, have signed a letter of intent to sell their business to Ambassador Supply out of Fort Wayne, …

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Lenauers sign letter of intent to sell Pioneer Industries to Ambassador Supply

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Owners of Pioneer Industries, which includes the home center and truss plant in Owensville, have signed a letter of intent to sell their business to Ambassador Supply out of Fort Wayne, Ind.

“After 22 years, Chris and I have agreed to sign a letter of intent with the intent of selling the business known as Pioneer Industries, LLC, which includes Pioneer Home Center and Pioneer Truss,” said Matthew Lenauer on behalf of his brother and co-owner of the local hardware store and truss plant, Chris Lenauer. 

Lenauer said he and his brother, Chris, employ nearly 100 full and part-time personnel with an annual payroll of nearly $2 million.

“We should, and hope to, finalize the sale in a couple of weeks,” Lenauer added.

He said both companies were doing their “due diligence” in respect to finalizing the sales agreement. He said he and his brother hope to have the deal completed sometime near Thanksgiving.

Citing their respective letters of intent agreement, Lenauer said he was unable to comment further on the pending sale at this time.

Ambassador Supply’s website notes in bold lettering “We believe we are called to something greater.”

The firm’s president and chief executive officer, Brad Crawford, notes in a online business profile that he enjoys “mentoring, growing and challenging our team at Ambassador Supply, an affiliate company of Ambassador Enterprises.”

Stories online about Ambassador Supply note the equity group “buys and manages companies in the building industry” and is “focused in rural building.”

Crawford’s profiled notes the firm is “conscious of the impact our investments have on the world around us, we strive to attain three returns with every investment. Financial returns are essential, but we are passionate about cultural and eternal returns, too — personal growth, changed lives, community transformation, and hope for a better future.”

According to his profile, Crawford has been with Ambassador Supply for more than seven years as has served as president and chief executive officer for nearly five of those.

“Ambassador Supply is a group of companies that focuses on providing manufactured building products, post frame building solutions and the highest quality building materials to professional contractors within the agricultural, residential and commercial building markets,” Crawford’s profile reads. “Ambassador Supply has grown from its first acquisition in 2013 into its current state of $120 million in annual revenue and over 400 employees across multiple states.”

The company’s website  proclaims, “An investment from us is more than just a financial commitment; it’s a commitment to a legacy. We invest for the people, the community and the future. Ambassador invests in organizations in the building supply space with the collective goal to transform the building industry. Ambassador works with our companies to build for the future.” 

Graphics on their website also note the firm is known for:

“Building sustainability and scalability, Economic Return, Cultural Return” and “creating lasting, positive impact on people and community.”

As an added bonus, the firm promotes the idea of “Eternal Return” and their effort at “Bringing people closer to God.”

The firm’s profile noted “Ambassador Supply buys companies in the building industry that are focused on rural building, residential and light-commercial, and manufactured brands.”

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