PE-backed ProBuild Purchased by Builders FirstSource
August 03, 2015
Builders FirstSource (NASDAQ: BLDR) has completed its previously announced acquisition of ProBuild from the private equity arm of Fidelity Investments. Combined 2014 revenues for the two building supplies companies were roughly $6.1 billion; the new entity will have over 430 locations across 40 U.S. states serving four core segments: production builders, custom builders, multi-family/commercial and repair & remodel. The acquiring company is backed by JLL Partners and Warburg Pincus.