NAVIGATION

June 23, 2017

Business Profile

Lainhart & Potter

The 119-year-old lumber company has been sold to MarJam Supply, who plans to expand.

Mike Vogel | 5/30/2012

Lainhart’s 25th Street location in West Palm Beach. The company closed after 119 years. [Photo: Lannis Waters/The Palm Beach Post/ZUMAPRESS.com]

The recession has led to the sale of Palm Beach County’s oldest continuously operated business, 119-year-old Lainhart & Potter. The lumberyard supplied building materials to Henry Flagler. Its land and operations were sold for $2.8 million through bankruptcy court to Brooklyn, N.Y.-based MarJam Supply, which has operations in 12 states. In Florida, it operates in Jacksonville, Orlando, Fort Myers, Miami, Wildwood and now West Palm Beach and Jupiter through the Lainhart deal. MarJam says that as of April only about 12 people were employed at the former Lainhart sites but it expects to double that shortly as the company expands. It also wants geographic expansion in the state. “We look forward to being throughout Florida,” COO Carmen Arguelles says.

Tags: Southeast

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Orlando International Airport: TSA showcases screening technology
Orlando International Airport: TSA showcases screening technology

The Transportation Security Administration on Thursday showcased the technology it uses to screen the almost 42 million travelers who pass through Orlando International Airport each year.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you support or oppose the U.S. Senate's GOP health care plan?

  • I support it - good start
  • I oppose it - because it doesn't repeal Obamacare enough
  • I oppose it - because it would harm low-income, seniors and more
  • Unsure, need to study it more

See Results

Ballot Box
Subscribe