The Gores Group Acquires Remaining Interest in Stock Building Supply

The private equity firm has held a controlling interest in the building materials distribution company since May 2009.

The Gores Group, Los Angeles, CA, has acquired the remaining interest in Stock Building Supply from U.K.-based Wolseley plc. The Gores Group acquired the controlling interest in Stock, No. 8 on MDM’s list of top building materials distributors, from Wolseley on May 5, 2009. Terms of the latest transaction were not disclosed.

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\”We have high expectations for Stock, and this transaction solidifies our position in the company,\” said Ryan Wald, managing director of The Gores Group.

Stock Building Supply is headquartered in Raleigh, NC.

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