Builders FirstSource Acquires Detroit-Area Distributor

Log In

Builders FirstSource Acquires Detroit-Area Distributor

Addition of John’s Lumber will benefit Builders FirstSource’s operations through the state of Michigan.
Builders FirstSource 1Q 2022 earnings
Author
Date

Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, announced it has acquired Michigan-based distributor John’s Lumber. The company operates two locations serving the greater Detroit metropolitan statistical area. Financial terms of the deal weren’t disclosed.

Founded by Roy Aggeler in 1947, John’s Lumber is a supplier of lumber and sheet goods, windows, doors, millwork, siding, decking, kitchen and bath, and installation services to homebuilders, remodel contractors and retail consumers. The company’s revenue for the last 12 months is $49 million.

“I’m happy to welcome Bill Brys and all of his team members to Builders FirstSource,” said Dave Flitman, president and CEO of Builders FirstSource. “John’s Lumber is known locally for having great people focused on providing high quality products and services to their customers. They will fit in very well with the people-first culture of our company. Additionally, the acquisition provides scale that will benefit our 14 current locations throughout Michigan and allow for expansion in our value-added product offerings. We will continue to reinvest in our business and pursue accretive tuck-in acquisitions that create value for our business and our customers.”

Added Mike Aggeler, a family owner and board member of John’s Lumber: “My dad’s philosophy was simple – treat customers right, and they will return time after time. Having grown up in and around the business, it was a very difficult decision for my siblings and me to sell the company. Builders FirstSource understood the needs of our family and was very easy to work with throughout this process. We care deeply about our employees and community. I’m convinced Builders FirstSource is the right home for our people, providing them with access to the resources and growth opportunities that will ensure their continued success in supporting our customers.”

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.