Stock Building Supply Holdings LLC, an affiliate of The Gores Group, announced that it has completed its purchase of the assets of Bison Building Holdings Inc. and its subsidiaries pursuant to Section 363 of Chapter 11 of the U.S. Bankruptcy Code. The Bison acquisition is part of Stock’s growth strategy within the residential construction market.

“We will continue exploring intelligent growth options both in our core markets and elsewhere if opportunities arise. This acquisition is an excellent strategic transaction for Stock and allows us to continue to transform our operating model to specifically focus on the residential construction market,” says Joe Appelmann, chief executive officer of Stock. “The combination of Stock and Bison further strengthens our residential business in Texas.”

Bison is a supplier of building materials in the Houston area.

“With its acquisition by Stock, Bison is joining a financially strong company that will better support the growth of our customers in the Houston market,” adds Pat Bierschwale, Bison’s chief executive officer. “This is a very favorable outcome for Bison, and we are looking forward to working with our new colleagues.”

Tom Tolleson, chief operating officer for Bison, will lead the combined Houston operations. Tolleson has been with Bison for 10 years in various leadership functions including operations and sales.

“I look forward to leading the Houston operations and the exceptional team we have in place,” he said. “Our combined operations are positioned for solid growth in the near term. I’m very excited about this transaction and the opportunities it will provide for our employees and customers.”

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