Dallas-based building materials distribution giant Builders FirstSource adds $30 million-a-year supplier of windows, doors and millwork to its portfolio.
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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.
Distributor reports strong performance in a volatile market.
For the first six months sales grew 11.8 percent year-over-year.
Sales increase 11 percent, profit soars on strong sales growth, cost management strategies.
Sales for the first nine months increased 9 percent year-over-year.
Crow will replace outgoing CEO Floyd Sherman.
Company's profit of $37.9 million up 28.8 percent year-over-year.
Company reports profit of $12.1 million for the quarter.
Fourth-quarter sales up 6.3 percent year-over-year.
Peter Jackson named senior vice president and chief financial officer.
Unadjusted sales increase 37 percent year-over-year.
Acquisition of L&W Supply should put company back in sector's top spot.