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Builders FirstSource

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Builders FirstSource, Inc. (NYSEBLDR) 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 January 2021, the company announced that former BMC president and CEO Dave Flitman was named president.[12] Flitman was later named CEO of the company in April 2021 after a 90-day transition.[13]

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. ^ Editorial, Reuters (2 July 2019). "Builders FirstSource Inc (BLDR.O)". U.S. Retrieved 2019-07-03. {{cite web}}: |first= has generic name (help)
  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. ^ "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.
  12. ^ "Dave Flitman appointed Builders FirstSource CEO". LBM Journal. Retrieved 2020-06-21.
  13. ^ "Dave Flitman appointed Builders FirstSource CEO". LBM Journal. Retrieved 2020-06-21.