Builders FirstSource is driven by the desire to provide professional class building materials and services to homebuilders and remodelers across the country.
In the 1990s, the building materials changed significantly. Homebuilders grew by acquisition, creating large national competitors. Building materials manufacturers also consolidated. It was inevitable that the building material supply industry, the companies between the consolidating manufactures and consolidating homebuilders, must consolidate as well. Builders FirstSource was born from this industry evolution.
In March 1998, the Company's management team, with the backing of JLL Partners, a private investment firm with significant committed capital, made its first acquisition. Builders FirstSource continued to grow through a combination of strategic acquisitions and internal expansion. Between 1998 and the beginning of 2015, we acquired and integrated thirty-three companies. In June 2005, Builders FirstSource completed an initial public offering of its common stock, after which JLL Partners maintained a significant investment in the company.
Only July 31, 2015, Builders FirstSource acquired its largest competitor; ProBuild Holdings LLC, creating a more diversified company with enhanced scale and improved geographic footprint. The combined company, on a pro forma basis, generated over $6 billion in annual revenue in 2015 and currently operates approximately 400 locations in 40 states, with a market presence in 74 of the top 100 Metropolitan Statistical Areas in the United States.
Builders FirstSource strives to be the preferred supplier of structural building materials and services to homebuilders and remodelers across the nation by giving them both personalized attention at the local level and a wide range of resources only offered by a large company. Builders FirstSource's goal is to provide outstanding products and services to every customer, regardless of size.