Builders FirstSource

From Wikipedia, the free encyclopedia

Builders FirstSource, Inc. (NYSE: BLDR) is a Fortune 500 company[1] that is a manufacturer and supplier of building materials.[2] The company is headquartered in Dallas, Texas, and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA.[3] They serve new residential construction, repair and remodeling professionals.[4] The company was incorporated in March 1998.[5] The company has about 550 locations in 40 US states.[3][4]

In 2015, Builders FirstSource acquired ProBuild.[6] This acquisition resulted in a combined entity with $6.1 billion in combined 2014 revenue. In 2018, the revenue of the combined company was $7.7 Billion.[7]

In December 2019, Builders FirstSource acquired Raney Components, LLC and Raney Construction, Inc,[8] located in Groveland, Florida.

In January 2020, Builders FirstSource acquired Bianchi & Company, Inc,[9] a millwork supplier and install company located in Charlotte, North Carolina. In September 2020, Builders FirstSource announced a merger with BMC Stock Holdings, in which the newly merged company would operate under the Builders FirstSource branding.[10][11]

In August 2020, Builders FirstSource announced a merger with BMC Stock Holdings. This all stock merger transaction resulted in a combined company will $11 billion in sales and approximately 26,000 employees across 42 states. The surviving entity retained the Builders FirstSource name.

In January 2021, the company announced that former BMC president and CEO Dave Flitman was named president.[10] Flitman was later named CEO of the company in April 2021 after a 90-day transition.[10]

References[]

  1. ^ "Builders FirstSource". Fortune. Retrieved 2019-07-03.
  2. ^ Smitson, Frank (2019-07-01). "Marshall Wace North America L.P. Boosts Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)". Mayfield Recorder. Retrieved 2019-07-03.
  3. ^ a b "Builders FirstSource | Building Supplies & Materials". www.bldr.com. Retrieved 2020-07-12.
  4. ^ a b Stych, Anne (20 March 2019). "Builders FirstSource terminates note exchange offer". www.bizjournals.com. Retrieved 2019-07-03.
  5. ^ Reuters Editorial (2 July 2019). "Builders FirstSource Inc (BLDR.O)". U.S. Retrieved 2019-07-03.
  6. ^ "Builders FirstSource Completes Acquisition of ProBuild". Builders FirstSource, Inc. Retrieved 2019-10-20.
  7. ^ "Investor Relations". Builders FirstSource, Inc. Retrieved 2019-10-21.
  8. ^ "Builders FirstSource Adds Vertically Integrated Capabilities Through Acquisition of Raney Construction, an Established Provider of Off-Site Manufacturing and Value-Added Services across Florida". Builders FirstSource, Inc. Retrieved 2020-04-26.
  9. ^ "Builders FirstSource acquires Bianchi & Company". HBS Dealer. Retrieved 2020-06-21.
  10. ^ a b c "Dave Flitman appointed Builders FirstSource CEO". LBM Journal. Retrieved 2020-06-21.
  11. ^ "Dallas-based Builders FirstSource buys rival BMC to create materials supplier giant". BizJournals. Retrieved 2020-06-21.

External links[]

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