High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  | 
Builder's Remedy Expands in Southern California

Builders FirstSource, BMC to Combine in $1.2B Merger

Dallas-based Builders FirstSource and Raleigh, NC-based BMC Stock Holdings said Thursday that they had entered into an all-stock merger agreement valued at approximately $1.2 billion.

Post-merger, existing Builders FirstSource shareholders will own approximately 57% of the combined company, which will have a combined $11 billion in annual sales of building materials and services.

“This is a transformational opportunity that unites two outstanding and complementary companies, providing enhanced scale and superior returns as we build upon a new, larger platform,” said Builders FirstSource CEO Chad Crow. “Builders FirstSource and BMC together will have a very diverse portfolio of value-added offerings and greater resources to more closely partner with and serve customers.”

The merger is expected to close in late 2020 or early 2021. After a 90-day transition period, Crow will retire as previously announced, and will be succeeded as CEO of the combined company by Dave Flitman, currently BMC’s CEO.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Builders FirstSourceConnect With BMC

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition