Company type | Private |
---|---|
Industry | Building materials and retail |
Founded | 1997 |
Fate | Acquired in 2015 by Builders FirstSource |
Successor | Builders FirstSource, Inc. (Nasdaq: BLDR) |
Headquarters | 7595 Technology Way, 5th Floor Denver, Colorado |
Number of locations | 423+ (January 2013) [1] |
Key people | Robert Marchbank CEO |
Products | Building materials and supplies |
Revenue | ![]() |
Number of employees | 9,223 (2013) [1] |
Website | www |
ProBuild Holdings was a privately held diversified supplier of lumber and building materials to professional builders and contractors in the United States. [3] [4]
ProBuild was acquired by Builders FirstSource in 2015 resulting in an entity with $6.1 billion combined 2014 revenue. [5]
In 1997, Fidelity Capital, the business development arm of Fidelity Investments, acquired the Strober Organization, a supplier of building materials to professional builders and contractors in the Northeast. [6] [7] Over the next nine years, Strober acquired additional regional brands, extending its reach to the mid-Atlantic and Southeast markets.
By 2005, Strober had become one of the largest professional building materials dealers in the United States. [8] In 2008, Fidelity Capital purchased Lanoga Corporation, [9] which was, at the time, the nation's third largest professional building materials dealer. Fidelity made the purchase through ProBuild Holdings, Inc., a newly created entity that included the Strober Organization. The Strober Organization was the sixth largest professional building materials dealer in the U.S. at the time. [10] With the purchase of Lanoga, ProBuild's 2006 resources comprised over 420 locations in 38 states with more than 14,000 employees. [11]
As Lanoga had purchased Spenard Builders Supply (SBS) and other builder's store in Fairbanks and Anchorage in 1978, the company's reach extended to Alaska. [12] SPS was founded in 1952 and as of 2022, has 10 retail locations throughout Alaska and four manufacturing locations where it makes roof trusses and other milled lumber products. It continues to operate under the Spendard name. [13]
The subsequent acquisitions of Hope Lumber and Supply [14] and other lumber suppliers made ProBuild the largest [15] professional building materials dealer in the United States by 2007 with more than 506 locations nationwide.
Following the downturn of the housing market in the United States in 2008, ProBuild consolidated a number of facilities and exited several markets, [16] [17] including Chicago [18] and Pittsburgh. [19] As was the case with much of the home building industry, sales fell during the downturn. ProBuild reported just over $3 billion in sales in 2009, down from at 2006 peak of $6 billion. [20] By 2013, the company reported a nine percent increase in sales from the prior year. [1]
On July 31, 2015, Builders FirstSource acquired ProBuild Holdings LLC, creating a more diversified company with enhanced scale and improved geographic footprint. The combined company, on a pro forma basis, generated over $6 billion in annual revenue in 2015 and currently operates approximately 400 locations in 40 states, with a market presence in 74 of the top 100 Metropolitan Statistical Areas in the United States. [21] [ better source needed ]
Boise Cascade Company is an American manufacturer of wood products and wholesale distributor of building materials, headquartered in Boise, Idaho.
Paccar Inc is an American company primarily focused on the design and manufacturing of large commercial trucks through its subsidiaries DAF, Kenworth and Peterbilt sold across markets worldwide. The company is headquartered in Bellevue, Washington, in the Seattle metropolitan area, and was founded in 1971 as the successor to the Pacific Car and Foundry Company, from which it draws its name. The company traces its predecessors to the Seattle Car Manufacturing Company formed in 1905. In addition to its principal business, the company also has a parts division, a financial services segment, and manufactures and markets industrial winches. The company's stock is a component of the Nasdaq-100 and S&P 500 stock market indices.
Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.3 trillion in assets under management, and, as of December 2022, their assets under administration amount to $10.3 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.
Louisiana-Pacific Corporation (LP) is an American building materials manufacturer. The company was founded in 1973 and LP pioneered the U.S. production of oriented strand board (OSB) panels. Currently based in Nashville, Tennessee, LP is the world's largest producer of OSB and manufactures engineered wood building products. LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.
Sears Modern Homes were houses sold primarily through mail order catalog by Sears, Roebuck and Co., an American retailer.
Heidelberg Materials UK is a British-based building materials company, headquartered in Maidenhead. Previously known as Hanson UK, the company has been a subsidiary of the German company HeidelbergCement since August 2007, and was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index.
Joseph Alexander Hardy III was an American businessman and the founder and CEO of 84 Lumber Company and Nemacolin Woodlands Resort.
Kesko Corporation is a Finnish retailing conglomerate with its head office in Kalasatama, Helsinki. It is engaged in the grocery trade, building and technical trade, and car trade. It also has operations in Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, and Poland.
84 Lumber is an operated American building materials supply company. Founded in 1956 by Joseph Hardy, it derives its name from the unincorporated village of Eighty Four, Pennsylvania, a census-designated place 20 miles (32 km) south of Pittsburgh, where its headquarters are located. In 1992, Joe Hardy's daughter, Maggie Hardy, took over as president of the company. Within her first year as president, the company reached $1 billion in revenue for the first time in history.
The Parr Company Inc. is a lumber and building supplies dealer based in Oregon. The Hillsboro, Oregon, based company has 44 locations in Oregon and Washington and is the 18th largest residential building supplies dealer in the United States.
The Home Depot Pro, headquartered in Jacksonville, Florida, is a wholesale distributor and direct marketer of maintenance, repair and operations (MRO) products for non-industrial businesses in the United States. The Home Depot Pro distributes products such as HVAC, janitorial supplies, plumbing supplies, and security supplies.
The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia, with an Atlanta mailing address.
Utility Trailer Manufacturing Company is an American semi-trailer truck dry van, flatbed, and refrigerated van trailer manufacturing company, with its headquarters in the City of Industry, Los Angeles County, California, and sales office in Alpharetta, Georgia and a Parts Distribution Center in Batavia, Ohio. The company also designs and manufactures dry freight vans, curtainsided trailers, and aerodynamic technologies. It is the largest manufacturer of refrigerated van trailers in the United States.
Payless Cashways was a building materials retailer based in Kansas City, United States. The company primarily operated during the 1980s and 1990s, and is considered among the first national chains to implement the DIY strategy. The company experienced financial difficulties during the late 1980s.
D&H Distributing is a privately held North American technology distributor to the information technology (IT) and consumer electronics supply channels, founded in 1918 in Williamsport, Pennsylvania. Currently headquartered in Harrisburg, Pennsylvania, the company distributes IT products, including server, storage and networking solutions, consumer electronics, videogaming, home networking, housewares, and sports and recreation products with a focus on resellers selling to small business (SMB) technology customers. These products are distributed via six locations throughout the U.S. and Canada. The company's customer base consists of computer resellers, integrators, retailers, etailers and consumer electronics dealers. The majority of D&H's SMB reseller customer base sells to regional offices in vertical markets, such as healthcare, education, real estate, advertising, and finance.
The history of the lumber industry in the United States spans from the precolonial period of British timber speculation, subsequent British colonization, and American development into the twenty-first century. Following the near eradication of domestic timber on the British Isles, the abundance of old-growth forests in the New World posed an attractive alternative to importing choice timber from the Baltic via the narrow straits and channels between Denmark and Sweden. The easily available timber proved an incredible resource to early settlers, with both domestic consumption and overseas trade fueling demand. The industry expanded rapidly as Americans logged their way across the country. In this pursuit, hundreds of thousands of indigenous peoples were displaced, murdered, and enslaved for the purpose of the timber industry.
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.
Orgill, Inc. is an American independent hardware distributor with headquarters in Collierville, Tennessee. It is the world's largest independently owned hardlines distributor. Founded in Memphis, Tennessee, in 1847, Orgill was Memphis's oldest operating private business, before it relocated to nearby Collierville in recent years. It was ranked in 143rd place on the Forbes list of America's largest private companies in 2021, with revenues of $2.6 billion in 2019, surpassing $3 billion in 2020.
Redwood Materials, Inc. is an American company headquartered in Carson City, Nevada. The company aims to recycle lithium-ion batteries and produce battery materials for electromobility and electrical storage systems. Redwood Materials was reported to have a valuation of about $3.7 billion as of July 2021.