Dallas-based Builders FirstSource Inc. is growing again with a $400 million acquisition of the largest independent supplier of building materials in.
Builders FirstSource Expanding in Arizona With $400M Acquisition
Cornerstone Building Alliance SW is the largest independently supplier of building materials in Arizona, primarily serving the greater Phoenix, Tucson and Prescott Valley metros.
May 24th, 2021
Builders FirstSource
DALLAS Builders FirstSource, Inc., the nation s premier supplier of building materials and services, announced Monday it has entered into a definitive agreement to acquire Cornerstone Building Alliance SW, LLC (Alliance), for approximately $400 million, subject to certain closing adjustments.
Alliance is the largest independently operated supplier of building materials in Arizona, primarily serving the greater Phoenix, Tucson and Prescott Valley metropolitan areas. As a regional supplier with strategically located facilities, Alliance is uniquely-positioned to offer unmatched distribution throughout the highest-growth regions of Arizona with a comprehensive portfolio of premium building materials. All
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NEW YORK (AP) Stocks that traded heavily or had substantial price changes Thursday: Fastly Inc., down $15.75 to $42.31 The cloud software developer gave investors a weak earnings forecast and said its chief financial officer is leaving. Etsy Inc., down $26.89 to $157.68 The online crafts marketplace expects growth to slow significantly. Sally Beauty Holdings Inc., up $4.06 to $24.32. The beauty supplies company handily beat analysts fiscal second-quarter profit and revenue forecasts. Cardinal Health Inc., down $4.29 to $56.54. The healthcare company reported disappointing fiscal third-quarter profit and revenue. Wayfair Inc., up $15.16 to $286.13. The online home goods retailer blew away Wall Street s first-quarter profit forecasts. Builders FirstSource Inc., up $2.94 to $52.
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DALLAS, May 07, 2021 (GLOBE NEWSWIRE) Builders FirstSource, Inc. (NASDAQ:BLDR), the largest supplier of building products, prefabricated components and value-added services in the United States, today announced it has purchased the assets of John s Lumber. John s Lumber operates two locations serving the greater Detroit metropolitan statistical area (MSA), the No. 41 ranked single-family housing market in the country and home to nearly half the starts completed in the state of Michigan annually.
John s Lumber was founded by Roy Aggeler in 1947 and has remained family-owned and operated ever since. The John s Lumber team has built its reputation on a dedication to excellence in service that brings value to each and every customer who walks through the door. The company is a leading supplier of lumber and sheet goods, windows, doors, millwork, siding, decking, kitchen and bath, and installation services to homebuilders, remodel contractors and retail consumers. Revenue for