Layoffs

Builders FirstSource Terminations/Layoffs

Have you been affected by the current layoffs, terminations, firing, or restructuring of Builders FirstSource? If so comment below and let the community know what is going on inside the organization.

Current Confirmations:

No information currently available. Let us know in the comments below if you have something to share.

 

About Builders FirstSource:

Builders FirstSource is driven by the desire to provide professional class building materials and services to homebuilders and remodelers across the country.

In the 1990’s, the building materials industry 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 manufacturers 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.

On 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.

 

 

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Categories: Layoffs, Standard

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