Builders FirstSource Acquires Cornerstone Building Alliance SW (Alliance)
May 24, 2021
Builders FirstSource (Nasdaq: BLDR) has entered into a definitive agreement to acquire Cornerstone Building Alliance SW, LLC ("Alliance") for approximately $400 million, subject to closing adjustments. Alliance, the largest independently operated supplier of building materials in Arizona with ~ $330M TTM sales and over 300 employees, expands Builders FirstSource's presence in the high-growth Phoenix/Tucson/Prescott Valley markets; the deal is expected to close around the end of Q2 2021 and be funded with cash and credit facilities.
- Buyers
- Builders FirstSource, Inc.
- Targets
- Cornerstone Building Alliance SW, LLC (Alliance)
- Sellers
- Cornerstone Building Alliance SW, LLC shareholders, True Carr (Managing Partner)
- Industry
- Building Products
- Location
- Arizona, United States
- Transaction Type
- Buyout
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