Lumberworld, located in Victoria, BC, has been acquired by Central Builders’ Supply, a Regimen Equity Partners portfolio company
VANCOUVER, British Columbia, Sept. 03, 2026 (GLOBE NEWSWIRE) — Regimen Equity Partners (“Regimen”) is pleased to announce the acquisition of substantially all the operating assets of Lumberworld Operations Ltd. (“Lumberworld” or the “Company”) and the underlying real estate by its portfolio company, Central Builders’ Supply (“CBS”).
Centrally located within Victoria near the intersection of Quadra and MacKenzie, Lumberworld was established more than 50 years ago and represents an important Canadian business and a true Vancouver Island success story, guided by the Flaig family and their relentless commitment to the community. The Company has built a strong reputation as a full-service supplier of building materials and construction products, serving homeowners, contractors and commercial customers throughout the Greater Victoria region. Over the decades, Lumberworld has become synonymous with quality products, exceptional customer service and industry expertise, playing a vital role in supporting the continued growth and development of the communities it serves.
The acquisition represents a complementary strategic addition to CBS and further strengthens its position as Vancouver Island’s premier building supply business. Together with the recent opening of a newly constructed Langford location, this transaction creates a strong market presence for CBS in Greater Victoria, providing customers with improved accessibility, enhanced delivery capabilities and access to CBS’s industry-leading product offering. The second Greater Victoria location allows CBS to better serve existing and new customers alike, while maintaining the high level of service both companies are known for.
With the addition of Lumberworld, CBS operates seven locations spanning all of Vancouver Island’s major markets, from Victoria to Campbell River. Becoming a member of the CBS group provides significant operational advantages for this location, including stability and career opportunities for existing employees, purchasing efficiencies and operational improvements, while strengthening its ability to invest in customer service and future growth.
In addition to acquiring the Company’s operations, CBS has also acquired the underlying real estate, securing this strategic location for the long term. The transaction also includes an adjacent parcel of land available for redevelopment, representing a valuable real estate asset within the Greater Victoria area.
Rick Fisher, CEO of CBS, commented “The addition of Lumberworld to the CBS family represents a major milestone for our company. Complementing the opening of our Langford location, this acquisition significantly strengthens our presence across the Greater Victoria market, allowing us to better serve our customers through improved accessibility, faster delivery times and broader inventory availability. We are grateful to the Flaig family for entrusting CBS with the legacy they have built over the past five decades, and we are pleased to welcome the employees of Lumberworld to the CBS team.”
Gerry Bellerive, Managing Director at Regimen, added “Through decades of hard work, dedication and commitment to the communities they serve, the Flaig family has built an exceptional business that has become the leading independent building materials supplier in the Greater Victoria region. Lumberworld is a complementary location to our existing six Vancouver Island stores and we feel the timing of this acquisition will allow us to benefit from future improvement in the construction industry.”
About Central Builders’ Supply
Headquartered in British Columbia, Central Builders’ Supply is Vancouver Island’s leading independent building materials supplier, with seven strategically located stores spanning the Island’s major markets, from Victoria to Campbell River.
CBS serves professional contractors, builders, renovators and homeowners with a comprehensive range of building materials, lumber and construction products, backed by knowledgeable staff, exceptional customer service and reliable delivery capabilities. Through targeted acquisitions and continued investment in its operations, CBS is committed to supporting the long-term growth of the communities and customers it serves.
About Regimen Equity Partners
Regimen is a private equity firm specializing in the ownership transition of small to mid-size Canadian organizations. By partnering with skilled executives, we transform profitable enterprises into industry leading players through strategic acquisitions and best management practices. Forming meaningful and lasting relationships, Regimen creates significant wealth over the long term through a multi-decade approach of measured and sustainable growth.
For additional information about Regimen, please contact Nancy Brown (nbrown@regimenpartners.com).
