Builders First Source(NASDAQ:BLDR:US): Investors in the supplier of parts for new houses agreed to settle a lawsuit over a debt-swap offering from Warburg Pincus LLC and JLL Partners Inc. after the deal was revised and the company agreed to pay $2.4 million in legal fees.
The driving force in the creation of Builders FirstSource is the desire to provide professional class building materials and services to the country's homebuilders on a national basis. During the 1990's, the building materials industry experienced significant changes. Homebuilders began to grow via acquisition, creating large national competitors. Similar consolidation also took place with building materials manufacturers. It was only a matter of time before the building material supply industry - those companies between the consolidating manufacturers and consolidating homebuilders - experienced the same trend. Builders FirstSource was born from this industry evolution.
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Builders FirstSource seeks to be the leading supplier of structural building materials to homebuilders. The Company's key to success is being able to give personal attention to the local builders' job sites and also provide them with benefits that can only be offered by a large, national competitor. Builders FirstSource's goal is to provide outstanding products and services to every customer, regardless of size. As a $2 billion company, Builders FirstSource can offer its customers market leading products and services smaller competitors struggle to match. The company operates in 11 states, principally in the southern and eastern United States, and has 57 distribution centers and 57 manufacturing facilities, many of which are located on the same premises as our distribution facilities. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products.
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