Builders FirstSource Acquires Trussway

Builders FirstSource (NYSE: BLDR) has acquired Trussway, a Houston-based manufacturer of pre-fabricated roof and floor trusses and value-added building components, which generated approximately $340 million in annualized sales and employs ~1,000 people. The acquisition adds six manufacturing facilities to Builders FirstSource's network, expands its roof and floor truss and multifamily capabilities, and is expected to generate robust free cash flow and synergies within the first 15 months; the purchase was funded with cash on hand and the company’s ABL.