Builders FirstSource is driven by the desire to provide professional class building materials and services to homebuilders and remodelers across the country.
In the 1990’s, the building materials industry changed significantly. Homebuilders grew by acquisition, creating large national competitors. Building materials manufacturers also consolidated. It was inevitable that the building material supply industry, the companies between the consolidating manufacturers and consolidating homebuilders, must consolidate as well. Builders FirstSource was born from this industry evolution.
In March 1998, the Company’s management team, with the backing of JLL Partners, a private investment firm with significant committed capital, made its first acquisition. Builders FirstSource continued to grow through a combination of strategic acquisitions and internal expansion. Between 1998 and the beginning of 2015, we acquired and integrated thirty-three companies. In June 2005, Builders FirstSource completed an initial public offering of its common stock, after which JLL Partners maintained a significant investment in the company.