Building Materials Holding Corporation

Last updated
BMC - Building Materials and Construction Solutions
Type Public
Nasdaq: BMCH
IndustryBuilding Materials and Construction Services
Founded Boise, Idaho (1987) as BMC West
FateAcquired 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]

Contents

History

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]

Markets

The firm operates in 18 states spanning from the Pacific Northwest to the Mid-Atlantic coast with locations in 45 metropolitan areas. [5]

Related Research Articles

<span class="mw-page-title-main">Citrix Systems</span> American software company

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 products were claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500.

<span class="mw-page-title-main">BellSouth</span> American telecommunications company

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.

<span class="mw-page-title-main">Comerica</span> Large Regional Bank Holding Company

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

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.

<span class="mw-page-title-main">PNC Financial Services</span> Major bank based in Pittsburgh

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.

<span class="mw-page-title-main">SunTrust Banks</span> Former American bank

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.

<span class="mw-page-title-main">Truist Financial</span> Banking company in the U.S.

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., and offers 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. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world, with $2.27 billion in annual revenue.

North Carolina National Bank (NCNB) was a bank based in Charlotte, North Carolina, prior to 1960 called American Commercial Bank. It was one of the top banking institutions. From 1974 to 1983, the bank was run by chairman and chief executive officer Tom Storrs. What was NCNB forms the core of today's Bank of America.

Citizens and Southern National Bank (C&S) began 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.

<span class="mw-page-title-main">Jeld-Wen</span> American manufacturing company

JELD-WEN is an American company with its headquarters in Charlotte, North Carolina. The company operates more than 120 manufacturing facilities in 19 countries. JELD-WEN designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows, wall systems, shower enclosures, closet systems and other components used in the new construction, as well as repair and remodel of residential homes and non-residential buildings.

F.N.B. Corporation is a diversified financial services corporation based in Pittsburgh, Pennsylvania, and the holding company for its largest subsidiary, First National Bank. As of December 31, 2022, FNB has total assets of nearly $44 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 more than 4,100 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.

HD Supply is an industrial distributor in North America. The company provides a broad range of products and value-added services to approximately 500,000 professional customers in maintenance, repair and operations, infrastructure and power and specialty construction sectors. The company was re-acquired by The Home Depot in December 2020.

ProBuild Holdings was a privately held diversified supplier of lumber and building materials to professional builders and contractors in the United States.

<span class="mw-page-title-main">Capital Bank Financial</span> Former American bank

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.

<span class="mw-page-title-main">Red Hat Tower</span> Company headquarters in Raleigh, North Carolina

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.

Beacon is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America. As of September 5, 2023, upon the completion of its acquisition of S&H Building Material Corporation, the company has over 490 locations throughout all 50 states and six Canadian provinces, and over 7,400 employees. In addition to roofing, local divisions may also sell windows, siding, decking, waterproofing and other external building products. The company is currently headquartered in Herndon, Virginia.

Builders FirstSource, Inc. is a Fortune 500 company that is a manufacturer and supplier of building materials. The company is headquartered in Dallas, 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.

References

  1. "BMC Stock Holdings". Fortune. Archived from the original on 2019-03-02. Retrieved 2020-02-15.
  2. "Builders FirstSource Completes Combination with BMC Stock Holdings" (Press release). Builders FirstSource. GlobeNewswire. January 4, 2021.
  3. "BMC Stock Holdings, Inc. Announces 2017 Fourth Quarter and Full Year Results". Archived from the original on 2018-08-17. Retrieved 2018-08-17.
  4. "BMC Stock Holdings moving its headquarters from Atlanta to Raleigh | News & Observer". Archived from the original on 2018-08-29.
  5. "About BMC".