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Builders FirstSource completes acquisition of Schoeneman's Building Materials Center

May 10, 2024about 1 year ago

Acquiring Company

Builders FirstSource

Acquired Company

Schoeneman's Building Materials Center

Building MaterialBuilding MaintenanceConstruction

Description

Builders FirstSource, a leading supplier and manufacturer of building products, has successfully acquired Schoeneman's Building Materials Center. This strategic acquisition expands Builders FirstSource's presence and strengthens its capabilities in providing comprehensive construction materials and exceptional service to customers in South Dakota and Iowa.

Company Information

Company

Builders FirstSource

About

Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components and value-added services to the professional market segment for new residential construction and repair and remodeling. We provide customers an integrated homebuilding solution, offering manufacturing, supply, delivery and installation of a full range of structural and related building products. We operate in 39 states with approximately 550 locations and service customers in 47 of the top 50 Metropolitan Statistical Areas, providing geographic diversity and balanced end market exposure. We service customers from strategically located distribution and manufacturing facilities (certain of which are co-located) that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products. For more information about Builders FirstSource, visit the Company’s website at www.bldr.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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