Builders FirstSource, Inc. and BMC Stock Holdings, Inc. complete their all-stock merger transaction. The close of the merger creates the nation’s premier supplier of building materials and services, with combined sales of approximately $11.7 billion as of the twelve months ended September 30, 2020. The combined company will operate a leading network of approximately 550 distribution and manufacturing locations, with a presence in 40 states, including 44 of the top 50 metropolitan statistical areas, covering most of the nation’s fastest growing regions.
Under the terms of the previously announced merger agreement, BMC shareholders received a fixed exchange ratio of 1.3125 shares of Builders FirstSource common stock for each share of BMC common stock held immediately prior to the effective time of the merger. The pre-closing Builders FirstSource shares remain outstanding and currently represent approximately 57% of the combined company’s shares outstanding. The combined company will operate under the name Builders FirstSource, Inc.
Beginning April 1, 2021, Dave Flitman, the former CEO of BMC, will become CEO of Builders FirstSource, and Chad Crow, currently CEO of Builders FirstSource, will retire and remain available on a consulting basis to support the integration and to ensure an orderly transition.
Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.
