Posts Tagged ‘ ProBuild ’

Builders FirstSource Sales Jump 8.2 Percent in Second Quarter

Jul 27th, 2015

Builders FirstSource Inc., a supplier and manufacturer of structural and related building products for residential new construction in the United States, reported that sales increased 8.2. percent to $461.5 million in the second quarter of 2015, which ended on June 30. The company’s gross margin percentage was 24 percent, up 200 basis points from 22 […]

Builders FirstSource Gets Green Light on ProBuild Acquisition

Jul 20th, 2015

Builders FirstSource Inc. is one step closer to acquiring ProBuild Holdings. The company announced that it has received all third-party and governmental consents necessary for the acquisition’s completion—though it has yet to be made official. The closing is subject to the satisfaction or waiver of certain customary conditions and is expected to happen in early […]

Builders FirstSource Offers $750 Million of Notes

Jul 17th, 2015

Builders FirstSource will offer $750 million aggregate principal amount of senior unsecured notes due 2023, according to a company statement, in a private offering subject to market and other conditions. The offering of the notes is being made in connection with the acquisition of ProBuild Holdings LLC and is conditioned on its completion. The Company […]

Builders FirstSource to Finalize ProBuild Acquisition

Jul 14th, 2015

Builders FirstSource Inc. announced this week that it expects to complete its acquisition of ProBuild Holdings LLC in August. The deal, which was first announced in April, is an all-cash transaction valued at $1.63 billion. Highlights of the deal, according to a release from Builders FirstSource in April: It will create a diversified national dealer […]

Builders FirstSource Announces Plans to Acquire ProBuild

Apr 13th, 2015

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$1.63 billion is all it takes to become America’s largest building materials supplier. In a massive deal, Builders FirstSource Inc. will acquire ProBuild Holdings in an all-cash transaction. It took ProBuild nearly 10 years to become big enough to buy. The company was created in 2006 by an investment group and grew to one of […]

American Builders Supply Names Bill Myrick as CEO

Jul 20th, 2012

Blue Wolf Capital Partners LLC announced that its portfolio company, American Builders Supply Inc. (ABS), has named Bill Myrick as CEO. Myrick, 50, has had a 30-year career in the building products industry, most recently serving as CEO of ProBuild. He began his career as an entry-level management trainee at 84 Lumber in 1982, and […]

ProBuild Morgantown, W. Va., Celebrates Grand Opening

Mar 13th, 2012

ProBuild Holdings Inc. announced the grand opening of its Morgantown, W. Va., location will take place from 11 a.m. – 3 p.m. on March 14 at the ProBuild facility at 201 North Metro Drive, Morgantown, W. Va. “We’re proud to bring our local market expertise and ProBuild’s national reach to Morgantown and our neighboring states,” […]

ProBuild Hosts Grand Opening of Altoona, Pa., Location

Jan 20th, 2012

ProBuild Holdings Inc. hosted a grand opening event at its Altoona, Pa., location today from 12-4 p.m. The 65,000-square-foot Altoona facility offers a full range of products and services to area builders, contractors and homeowners. “We offer the supplies, services and the latest technology to help our customers complete any project – big or small,” […]

ProBuild Names Robert Marchbank CEO

Jan 10th, 2012

ProBuild Holdings Inc., based in Denver, announced that Robert Marchbank has been appointed chief executive officer. Fred Marino, who had served as interim CEO for the past several months, will continue to serve as vice chairman of the company’s board of directors. Marchbank brings 28 years of management experience in the building supply industry to […]

ProBuild Secures FSC Certification for 59 Lumber Facilities

Apr 22nd, 2011

ProBuild Holdings Inc. announced that 59 of its facilities nationwide have received Forest Stewardship Council (FSC) Chain of Custody Certification. This certification enables these locations to sell FSC-certified materials, signifying that the forest products used are from responsibly harvested and verified sources. ProBuild says this complements its commitment to sustainability through its ProEarth platform. ProEarth […]