September 20, 2014

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 ditgital 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

Dry Tortugas: Seaplane to Snorkeling
Dry Tortugas: Seaplane to Snorkeling

Accessible only by boat or seaplane, Dry Tortugas National Park is known the world over as the home of magnificent Fort Jefferson, picturesque blue waters, superlative coral reefs and marine life, and the vast assortment of bird life that frequent the area.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Who gets your vote for governor - Scott or Crist?

  • Rick Scott
  • Charlie Crist

See Results

Ballot Box
Subscribe