Builders FirstSource Closes Acquisition of WTS Paradigm - Modern Distribution Management

Log In

Builders FirstSource Closes Acquisition of WTS Paradigm

With the deal completed, Builders FirstSource said Paradigm will operate as an independent business going forward.
Builders FirstSource $1B stock buyback
Author
Date

Builders FirstSource Inc. (NYSE: BLDR), Dallas, Texas, announced it has wrapped up its $450 million deal to buy software vendor WTS Paradigm LLC. The deal was first announced on June 29.

Builders FirstSource, which is ranked No. 1 on MDM’s Top Distributors Building & Construction list, said Paradigm will operate as an independent business going forward. Based in Middleton, Wisconsin, Paradigm is a software solutions and services provider for the building products industry. It specializes in software development and consulting services that help manufacturers, retailers and homebuilders in the building products industry boost sales, reduce costs and become more efficient.

“We are excited to welcome Paradigm’s employees into the Builders FirstSource family and enhance our digital capabilities,” said Dave Flitman, President and CEO of Builders FirstSource. “Paradigm’s unmatched technology will help us provide our customers with solutions that address many of the inefficiencies throughout the home building process and reduce costs along the way. Furthermore, our acquisition of Paradigm puts us in a strong position to capitalize on the significant market opportunity in digital, which we anticipate will lead to $1 billion of incremental sales over the next five years.”

Builders FirstSource said it planned to continue to invest in the core Paradigm Omni configuration technology, which also powers a newer product: Paradigm Omni for Homebuilders, which is a virtual design solution.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.