Stock Building Supply Enters Phoenix Market
Stock Building Supply, Raleigh, NC, distributor of building materials and construction services, has acquired Tonto Verde Construction Inc. (framing services) and Precision Forest Products, LLC (lumberyard).
'Tonto represents an excellent seed acquisition to mark Stock's entrance into the Phoenix market, which has been consistently one of the top five largest housing markets in the U.S for several years,' says Fenton Hord, Stock CEO and president.
Founded five years ago, Tonto is a framing contractor in Phoenix. In 2005, the company established its own four-acre lumberyard, Precision Forest Products, to supply its lumber needs. Tonto has enjoyed significant growth in recent years, with sales of $37 million in 2005.