![]() ![]() Flitman will become Chief Executive Officer of Builders FirstSource, and Mr. I am humbled by, and grateful for, the opportunity to lead our new Company into this next phase and strongly believe we have the right talent, experience, and strategies in place to create the most exciting growth platform in our industry.”Īs previously announced, beginning April 1, 2021, Mr. Our combined leadership team will blend the best of both of these great companies and do an excellent job of leading our approximately 26,000 team members. “During the past several months, we have made significant strides in laying the foundation for a successful integration. Crow as the CEO of Builders FirstSource, Inc. “The completion of this merger represents a transformational milestone for our customers and an exceptional platform to accelerate the growth of our value-added solutions,” added Dave Flitman, the former Chief Executive Officer of BMC, who will succeed Mr. I look forward to working closely with our team to ensure a seamless transition as we enter the next chapter of our remarkable growth story.” Looking ahead, I am confident that Dave Flitman will do an outstanding job leading our combined Company to build upon our proven track record of innovation, financial discipline, and superior execution. Uniting our complementary assets and leveraging our combined geographic presence provides us with an expanded base to deliver our best-in-class solutions as the residential recovery continues. As a result of the completion of the merger, the common stock of BMC has been delisted for trading on the NASDAQ.Ĭhad Crow, Chief Executive Officer of Builders FirstSource, commented, “We are extremely excited to move forward as one company that is even better positioned to offer enhanced value for shareholders, customers, and team members. The combined Company will operate under the name Builders FirstSource, Inc., and its shares will continue to trade on the NASDAQ under the symbol “BLDR”. The pre-closing Builders FirstSource shares remain outstanding and currently represent approximately 57% of the combined Company’s shares outstanding. Under the terms of the previously announced merger agreement, BMC shareholders received a fixed exchange ratio of 1.3125 shares of Builders FirstSource common stock for each share of BMC common stock held immediately prior to the effective time of the merger. The combined Company will operate a leading network of approximately 550 distribution and manufacturing locations, with a presence in 40 states, including 44 of the top 50 metropolitan statistical areas, covering most of the nation’s fastest growing regions. The close of the merger creates the nation’s premier supplier of building materials and services, with combined sales of approximately $11.7 billion as of the twelve months ended September 30, 2020. (“BMC”), today announced the completion of their all-stock merger transaction. (Nasdaq: BLDR) (“Builders FirstSource” or the “combined Company”) and BMC Stock Holdings, Inc. ![]() 04, 2021 (GLOBE NEWSWIRE) - Builders FirstSource, Inc. ![]()
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