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Company type | Public |
---|---|
Nasdaq: BMCH | |
Industry | Building Materials and Construction Services |
Founded | 1987Boise, Idaho as BMC West | , in
Fate | Acquired by Builders FirstSource |
Headquarters | Raleigh, North Carolina |
Number of employees | 9,500 [1] (2017) |
Website | www.buildwithbmc.com |
Building Materials and Construction Solutions (BMC) is an American construction supply company with corporate headquarters in Raleigh, North Carolina. The company operates principally in the South and West regions of the United States and has in excess of 9,000 employees. In 2021, the company merged with Builders FirstSource in an all-stock deal. [2]
BMC was founded in 1987 as a building materials distributor. BMC distributes building materials, manufactures building components, and provides construction services across the U.S. [3]
Ready-Frame was launched in 2006, and was known as the Optimized Wall Division. After the bankruptcy, it was renamed to Ready-Frame in 2013. This service provides professional builders with computerized pre-cut framing lumber for constructing roof and floor trusses. The online business, BuildwithBMC.com, was launched in 2015 and carries over 40,000 items.
On August 28, 2018, It was announced that BMC Stock Holdings would move its headquarters from Atlanta to Raleigh, North Carolina effective September 30, 2018. The move came 3 years after it merged with STOCK building Supply (which formed the name BMC Stock Holdings) in 2015, (STOCK Building Supply is also a Raleigh-based company). [4]
The firm operates in 18 states spanning from the Pacific Northwest to the Mid-Atlantic coast with locations in 45 metropolitan areas. [5]
Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix claims that their products are used by over 400,000 clients worldwide, including 99% of the Fortune 100 and 98% of the Fortune 500.
BellSouth, LLC was an American telecommunications holding company based in Atlanta, Georgia. BellSouth was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice forced the American Telephone & Telegraph Company to divest itself of its regional telephone companies on January 1, 1984.
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank (CNB), formed in 1874, and American Trust Company founded in 1909. In 1998, NationsBank acquired BankAmerica, and modified that better-known name to become Bank of America Corporation. The CEO of NationsBank throughout its entire existence was Hugh McColl, who led the merger with BankAmerica and became the first CEO of the present-day Bank of America.
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company ranked as the 141st largest company in the United States in 2024 – its highest-ever placement on the Fortune 500 list.
North Carolina National Bank (NCNB) was an American bank based in Charlotte, North Carolina, prior to 1960 called American Commercial Bank. It was one of America's top banking institutions between the 1960s-1990s. From 1974 to 1983, the bank was run by chairman and chief executive officer Tom Storrs. What was NCNB would form the core Bank of America.
Citizens and Southern National Bank (C&S) was an American bank which started as a Georgia institution that expanded into South Carolina, Florida and into other states via mergers. Headquartered in Atlanta, Georgia; it was the largest bank in the Southeast for much of the 20th century. C&S merged with Sovran Bank in 1990 to form C&S/Sovran in hopes of fending off a hostile takeover attempt by NCNB Corporation. Only a year later, however, C&S/Sovran merged with NCNB to form NationsBank, which forms the core of today's Bank of America.
FNB Corporation is a diversified financial services corporation based in Pittsburgh, Pennsylvania, and the holding company for its largest subsidiary, First National Bank. As of March 28, 2024, FNB has total assets of nearly $46 billion. FNB's market coverage spans several major metropolitan areas, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad in North Carolina; and Charleston, South Carolina, with approximately 350 offices. The company has approximately 4,200 employees.
MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.
China Metallurgical Group Corporation, is a Chinese state-owned enterprise headquartered in Beijing, engaged in EPC, natural resources exploitation, papermaking, equipment manufacturing, real estate development. MCC is one of the largest equipment manufacturers in China, and the only state-owned enterprise authorized to operate pulp-making and papermaking businesses both domestically and Internationally. On December 8, 2015, MCC merged with China Minmetals, becoming a wholly-owned subsidiary. The company also owns MCC Holding SA in Switzerland and MCC Petroli AG. Dr. Luigi Forino Von Thyssen, the president and group CEO of their petroleum corporations, is a significant shareholder of MCC, owning more than 22%, and he is the owner of several other companies.
ProBuild Holdings was a privately held diversified supplier of lumber and building materials to professional builders and contractors in the United States.
Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, former Bank of America executive and Fifth Third Bank CFO, Chris Marshall was CFO and former Bank of America executive, R. Bruce Singletary was Chief Risk Officer. Former Morgan Stanley specialty finance research analyst, Kenneth Posner, managed corporate strategy and investor relations. North American Financial Holdings (NAFH) original purpose was to take over banks that had difficulties due to the financial crisis of 2007–2010. The company's main interest was banks in the Carolinas and Florida, but in 2011, NAFH moved into Tennessee and Virginia. Despite buying seven distressed, money losing banks, NAFH's Capital Bank was consistently profitable during the duration of its existence and consistently posted improved returns for each of its five years of operations. Capital Bank completed a successful IPO in September 2012, and used to trade on the NASDAQ under the ticker CBF until its acquisition by First Horizon National Corporation in December 2017.
Red Hat Tower is the headquarters of Red Hat. It is located at Raleigh, North Carolina, United States. It was completed in 2004 at a cost of $100 million as a headquarters for Progress Energy Inc and has 19 floors and 366,000 square feet (34,000 m2) of space. It is owned by J.P. Morgan Trust Co.
PlaceMakers is the trading name of Fletcher Distribution Limited, the retail trading arm of Fletcher Building in New Zealand. PlaceMakers also manufactures wall frames, roof trusses and structural components at various frame and truss operations. PlaceMakers origins began in August 1981 as part of Fletcher Timber Limited's retailing operations within the Manufacturing and Merchandising Sector of Fletcher Challenge Limited.
Breedon Group plc is a British construction materials company which has its headquarters at Breedon on the Hill, Leicestershire, England. The current chairman is Amit Bhatia, son-in-law of Lakshmi Mittal, the billionaire steel magnate who became a Breedon shareholder following the acquisition of Hope Construction Materials. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Builders FirstSource, Inc. is a Fortune 500 company that is a manufacturer and supplier of building materials. The company is headquartered in Irving, Texas, and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA. They serve new residential construction, repair and remodeling professionals. The company was incorporated in March 1998. The company has about 550 locations in 40 US states.