Builders FirstSource Acquires Vertically-Integrated Provider of Value-Added Offerings in Growing Carolina Markets
January 09 2020 - 4:30PM
Builders FirstSource, Inc. (Nasdaq: BLDR) today
announced it has purchased the assets of Bianchi & Company,
Inc. (“Bianchi”), located in Charlotte, North Carolina.
Bianchi is the millwork supplier and installer of choice in the
Carolina markets supplying new interior trim packages and hardware.
Bianchi has built a strong reputation for high quality, superior
craftsmanship and exceptional customer service. Its value-added
product offering includes interior and exterior doors, crown
moldings, open stair rail, chair rail, wainscoting, Commercial
hollow metal frames and doors and other custom millwork
installation. In addition to fitting homes, the company supplies
installed millwork to multi-family residential apartments,
condominiums and senior living facilities. Bianchi has annual
revenue of approximately $30 million.
“I am very happy to welcome Scott Bianchi and all of his
employees to Builders FirstSource. The addition of installed
millwork represents another vertically-integrated, value-added
service capability that we can provide to our customers and
potentially expand across other markets. This acquisition directly
aligns with our next-generation growth strategy to more closely
partner and integrate with customers to streamline the construction
process. Bianchi is our fifth tuck-in acquisition in the last 6
months, which together provides more than $200 million in annual
value-added net sales,” said Chad Crow, Chief Executive
Officer.
Scott Bianchi, Founder and President, will maintain his current
responsibilities in running the business. Bianchi added, “We have
always been passionate about providing exceptional service as the
foundation for building successful long-term relationships. We
partner with our clients to understand their ideas and our
experienced team offers best-in-class service and quality. I’m
excited to bring our team’s capabilities to Builders
FirstSource.”
About Builders FirstSourceHeadquartered 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. We provide customers an integrated
homebuilding solution, offering manufacturing, supply, delivery and
installation of a full range of structural and related building
products. We operate in 40 states with approximately 400
locations and have a market presence in 77 of the top 100
Metropolitan Statistical Areas, providing geographic diversity and
balanced end market exposure. We service customers from
strategically located distribution and manufacturing facilities
(certain of which are co-located) that produce value-added products
such as roof and floor trusses, wall panels, stairs, vinyl windows,
custom millwork and pre-hung doors. Builders FirstSource also
distributes dimensional lumber and lumber sheet goods, millwork,
windows, interior and exterior doors, and other building products.
For more information about Builders FirstSource, visit the
Company’s website at www.bldr.com.
Contact: |
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Binit SanghviInvestor
RelationsBuilders FirstSource, Inc.(214) 765-3804 |
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Source: Builders FirstSource, Inc.
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