US LBM, a leading U.S. distributor of specialty building materials, has acquired Gilcrest/Jewett Lumber Co., a building products dealer and manufacturer with five Iowa locations, including Waukee, the companies announced. US LBM is headquartered in Buffalo Grove, Ill.

Gilcrest/Jewett has done business in Iowa for more than 165 years, providing a range of specialty building products to professional builders as well as do-it-yourselfers.

Gilcrest/Jewett's leadership team will remain with the company, including Sumner Worth, who will serve as president and general manager, and Rick Thompson, who will serve as senior vice president of sales.

"US LBM and Gilcrest/Jewett both share the values of putting people first, innovating through technology and delivering superior products and service," Worth said in a prepared statement. "We’re excited for the new opportunities this partnership brings for both our employees and customers."