| Builders FirstSource, Inc. | |
| Type: | Public company |
| Hq Location: | Irving, Texas, U.S. |
| Key People: | Peter Jackson (CEO) |
| Website: | bldr.com |
Builders FirstSource, Inc. is a Fortune 500 company[1] [2] that is a manufacturer and supplier of building materials.[3] The company is headquartered in Irving, Texas, and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA.[4] They serve new residential construction, repair and remodeling professionals.[5] The company was incorporated in March 1998.[6] The company has about 550 locations in 40 US states.
In 2015, Builders FirstSource acquired ProBuild.[7] This acquisition resulted in a combined entity with $6.1 billion in combined 2014 revenue. In 2018, the revenue of the combined company was $7.7 Billion.[8]
In December 2019, Builders FirstSource acquired Raney Components, LLC and Raney Construction, Inc,[9] located in Groveland, Florida.
In January 2020, Builders FirstSource acquired Bianchi & Company, Inc,[10] a millwork supplier and install company located in Charlotte, North Carolina. In September 2020, Builders FirstSource announced a merger with BMC Stock Holdings, in which the newly merged company would operate under the Builders FirstSource branding.[11] [12]
In January 2021, the company announced that former BMC president and CEO Dave Flitman was named president.[11] Flitman was later named CEO of the company in April 2021 after a 90-day transition.[11]
Builders FirstSource announced authorization of a new $1 billion stock repurchase plan on February 18, 2022.[13] This announcement comes on the heels of the completion of $2 Billion stock repurchase programs initiated in 2021.