Builders FirstSource Closes Acquisition of TrusswaySeptember 6th, 2022 by Editor
Builders FirstSource Inc., a national supplier of structural building products and value-added components and services, recently announced it has acquired Trussway. Trussway, a provider of pre-fabricated roof and floor trusses as well as value-added building components and services, including for the multifamily sector, has annualized sales of approximately $340 million.
“We are thrilled that Trussway will now be an integral part of Builders FirstSource. Since 1972, Trussway has been a supplier of choice to customers due to its ability to routinely deliver high quality products and services,” said Dave Flitman, president and CEO of Builders FirstSource. “The addition of Trussway expands our footprint with our roof and floor truss offerings, including for multifamily customers, and enhances our value-added portfolio to better serve our customers and accelerate growth. We are excited to welcome the Trussway team, with its long-standing customer relationships and track record of profitable growth, into the Builders FirstSource family.”
Headquartered in Houston, and with 1,000 employees nationwide, Trussway serves more than 340 customer accounts in the U.S.
As part of the acquisition, Builders FirstSource is adding Trussway’s integrated network of six strategically located manufacturing facilities across the U.S.
“Trussway is honored to be a part of the BFS family,” said Jeff Smith, president and CEO of Trussway. “For 50 years, Trussway associates have worked hard at building this company into a leading truss manufacturer. We look forward to bringing, and building on, our high intensity approach to safety, quality, service, production and customer satisfaction with the BFS team.”
The purchase of Trussway will be funded through cash on hand and the Company’s ABL.