The building materials behemoth dropped a sizable pile of cash on a software provider as the distributor doubles down on its digital capabilities.
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The addition of WTS Paradigm LLC, a software solutions and services provider for the building products industry, is another digital investment for the distributor.
Cornerstone Alliance is the largest independently operated supplier of building materials in Arizona.
Addition of John’s Lumber will benefit Builders FirstSource’s operations through the state of Michigan.
Dallas-based Builders FirstSource said the large increase in net sales was driven in part by deal to buy BMC Stock Holdings, which closed earlier this year.
Dave Flitman is now formerly CEO of Builders FirstSource after company completes transition of BMC merger.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.
New building materials juggernaut becomes official as companies with combined annual sales of $11.7 billion complete all-stock merger transaction.
Independent company, which serves Northern Virginia, Maryland and Washington, D.C., will become part of building materials giant — the soon-to-be merged BMC and Builders FirstSource.
Building materials distributors, which will soon combine, announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Dallas-based building materials distribution giant Builders FirstSource adds $30 million-a-year supplier of windows, doors and millwork to its portfolio.
Building materials distributor BMC Stock Holdings announced during the period that it was merging with Builders FirstSource in a mammoth $2.5 billion deal.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
For the second time in two weeks, the building materials and construction sector saw major consolidation with Builders FirstSource Inc.’s Thursday announcement that it would acquire BMC Stock Holdings Inc. in a $2.5 billion, all-stock merger. Here’s what we know about the deal so far.
Combined company will account for more than $11 billion in annual sales with expectations of annual cost synergies of $130 million to $150 million by the third year.
Profit grew 53.9% during the quarter.
Distributor reports strong performance in a volatile market.
For the first six months sales grew 11.8 percent year-over-year.
