Builders FirstSource, Inc. completed the acquisition of assets of Raney Construction, Inc. and Raney Components, LLC for $59 million.
December 08, 2019
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Builders FirstSource, Inc. (NasdaqGS:BLDR) agreed to acquire assets of Raney Construction, Inc. and Raney Components, LLC for $59 million on December 5, 2019. Raney has annual revenue of approximately $140 million. Buddy Raney, Founder and Chief Executive Officer of the Raney businesses and his entire team of employees joining the Builders FirstSource family. The deal is expected to close on December 9, 2019.
Builders FirstSource, Inc. (NasdaqGS:BLDR) completed the acquisition of assets of Raney Construction, Inc. and Raney Components, LLC on December 9, 2019.
Builders FirstSource, Inc. specializes in the manufacture and marketing of building materials and products primarily for the home building sector. Net sales break down by family of products as follows:
- lumber and wood panels (35.6%): wood planks, lumber, wood panelling, bracing, plywood, OSB, etc.;
- manufactured products (25%): wood roof and floor framing, steel roof framing, wall panels, wood flooring, etc.;
- prefabricated windows, doors and joinery products (21.1%);
- specialized building materials and components (18.3%): vinyl, composite and wood siding, exterior trim products, metal studs, cement, insulation products, ceilings, cabinets, etc. In addition, the group offers structural construction, shell construction, design and professional installation services.
At the end of 2022, the group has 569 production sites in the United States.
The United States accounts for all net sales.