Stock Building Supply, Raleigh, NC, a $4.1 billion supplier of building materials and construction services to professionals in the U.S., today has acquired Efficient Electric, United Electric, United Plumbing, and DSI Inc., four companies under the common ownership of Steve Menzies.
‘The acquisition of Efficient gives us expertise in electrical and plumbing installation and complements our turnkey framing construction services in the Las Vegas market, which has been one of the top 10 housing markets in the U.S. for several years,’ says Fenton Hord, Stock president and CEO.
Efficient Electric and United Electric are installers of electrical services for residential projects in the Las Vegas market; United Plumbing an installer of plumbing services; and DSI Inc. is an electrical supply house that provides electrical products to Efficient and other electrical installers.
The purchase of the four, which recorded total sales in 2005 of $94.1 million, adds 917 associates to Stock. The current management team, including owner Steve Menzies, will remain with the company.
Stock Building Supply now operates 290 locations in 33 states, with reported sales of $4.1 billion in fiscal 2005, ending July 31. Stock is a subsidiary of Wolseley plc of Theale, England, which had worldwide sales in fiscal year 2005 of more than $20 billion.
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