Get Moblico news: TXTJOIN” to 833-338-4330

Chat with us: TXT or Call 855-662-5426

Moblico Blog banner
Team Moblico

Team Moblico

Builders FirstSource Acquires Detroit-Area Distributor

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

https://www.mdm.com/news/operations/mergers-acquisitions/builders-firstsource-acquires-detroit-area-distributor/?utm_source=rss&utm_medium=rss&utm_campaign=builders-firstsource-acquires-detroit-area-distributor

Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, announced it has acquired Michigan-based distributor John’s Lumber. The company operates two locations serving the greater Detroit metropolitan statistical area. Financial terms of the deal weren’t disclosed.

Founded by Roy Aggeler in 1947, John’s Lumber is a supplier of lumber and sheet goods, windows, doors, millwork, siding, decking, kitchen and bath, and installation services to homebuilders, remodel contractors and retail consumers. The company’s revenue for the last 12 months is $49 million.

“I’m happy to welcome Bill Brys and all of his team members to Builders FirstSource,” said Dave Flitman, president and CEO of Builders FirstSource. “John’s Lumber is known locally for having great people focused on providing high quality products and services to their customers. They will fit in very well with the people-first culture of our company. Additionally, the acquisition provides scale that will benefit our 14 current locations throughout Michigan and allow for expansion in our value-added product offerings. We will continue to reinvest in our business and pursue accretive tuck-in acquisitions that create value for our business and our customers.”

Added Mike Aggeler, a family owner and board member of John’s Lumber: “My dad’s philosophy was simple – treat customers right, and they will return time after time. Having grown up in and around the business, it was a very difficult decision for my siblings and me to sell the company. Builders FirstSource understood the needs of our family and was very easy to work with throughout this process. We care deeply about our employees and community. I’m convinced Builders FirstSource is the right home for our people, providing them with access to the resources and growth opportunities that will ensure their continued success in supporting our customers.”

The post Builders FirstSource Acquires Detroit-Area Distributor appeared first on Modern Distribution Management.

More to explorer

Sneak Peek: MDM’s Top Distributors 2021 Rankings

https://s33009.pcdn.co/blog/research/sneak-peek-mdms-top-distributors-2021-rankings/?utm_source=rss&utm_medium=rss&utm_campaign=sneak-peek-mdms-top-distributors-2021-rankingsIt’s safe to say that 2020 was a year unlike any other for distributors as the pandemic created a seismic shift across

Residential Building Permits Up 34.9% in May

https://www.mdm.com/news/research/economic-trends/residential-building-permits-up-34-9-in-may/?utm_source=rss&utm_medium=rss&utm_campaign=residential-building-permits-up-34-9-in-mayPrivately owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,681,000, according to the