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.