Builders FirstSource completes acquisition of Schoeneman's Building Materials Center
May 10, 2024•about 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.
M&A Insights
Based on deal dataIntegration 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