Kodiak Building Partners and Factory Builder Stores to Join ForcesApril 8th, 2014 by DWM Magazine
Colorado based Kodiak Building Partners announced today an agreement in principle for the purchase of substantially all the assets of Factory Builder Stores, a large independent specialty distributor of appliances and cabinets based in Houston, Texas. Kodiak chairman Paul Hylbert told DWM magazine, “We expect to expand our window distribution, our major product at Gulf and Basco, through the FBS network.”
“We are very excited about having Factory Builder Stores join our team,” he said. “Doug Rapier and his management group have built a fine organization serving custom home builders, remodeling contractors, and consumers in the major markets in Texas. In addition to strengthening our presence in greater Houston, the company and its strong people offer us a platform for expanding throughout Texas”.
With locations in Austin, San Antonio, College Station, Corpus Christi, the Dallas-Fort Worth market as well as Houston, Factory Builder Stores provide broad coverage serving builders throughout the state. “Kodiak is providing additional capital for our growth in Texas,” said Doug Rapier, CEO of Factory Builder Stores. “We’re excited and enthused about joining forces with the Kodiak team”.
Closing of the transaction is expected by the end of April.