| About ProBuild: Press Room |
| Overview | Our Story | Our Mission & Values | Growth Plan | Press Room | Our Policies |
|
Back to Article List
ProBuild
Carolyn Atkinson
Director of Marketing & Communications
360-350-3167 |
| |
| The Contractor Yard Acquires Building Materials Wholesale/Retail |
| |
Charlotte, NC (July 17, 2006) - The Contractor Yard, Inc., a major supplier of high-quality building materials to professional builders and contractors in the southeastern United States, announced today that it has finalized the purchase of Building Materials Wholesale/Retail, Inc. (BMW), a full-service supplier of drywall and related products. Based in Charlotte, North Carolina, BMW operates five yards located in Charlotte, Greensboro, Statesville, Wilmington and Fayetteville.
"The acquisition of Building Materials Wholesale/Retail enhances The Contractor Yard's product line and further strengthens our presence in the very attractive Carolinas market." said Contractor Yard President & COO Buddy Ables. "This acquisition is another important step toward achieving our aggressive growth objectives in this high-potential area."
Headquartered in Charlotte, The Contractor Yard is a subsidiary of the Strober Organization. Currently, The Contractor Yard has more than 40 locations operating in 10 states primarily in the southeastern United States. As part of both Strober and ProBuild Holdings, Inc., which is the largest professional building products distribution organization in the United States, The Contractor Yard plans to actively seek opportunities to grow both organically and through additional acquisitions.
Following the acquisition, Building Materials Wholesale/Retail will begin doing business as The Contractor Yard - Building Materials Wholesale Division. Dave Walsh and Will Dealy, owners and managing partners of Building Materials Wholesale/Retail, will remain with the company.
"Both The Contractor Yard and BMW have outstanding reputations in the industry and we are thrilled by the tremendous potential that this deal represents for our organizations." said Walsh. Dealy added that "By joining forces with The Contractor Yard, BMW will be able to leverage the significant capabilities of the BMW management team to continue to grow in our current markets."
About The Contractor Yard
The Contractor Yard serves professional builders, remodelers and contractors with more than 40 locations operating in 10 states primarily in the southeastern United States. A wholly-owned subsidiary of the Strober Organization and ProBuild, the Contractor Yard distributes a full line of high quality building materials, including lumber, millwork, roofing, gypsum, steel framing and acoustical products. For additional information about The Contractor Yard, visit www.contractoryard.com.
The Contractor Yard is a wholly-owned subsidiary of the Strober Organization, a major supplier of high-quality building materials to professional builders and contractors in the northeastern and mid-Atlantic regions of the United States. Strober is part of ProBuild Holdings, which is a wholly-owned subsidiary of Fidelity Capital, the business development arm of the mutual fund company, Fidelity Investments. As the nation's largest professional building materials supplier, ProBuild Holdings, which also includes the Lanoga Corporation within its portfolio, currently operates more than 400 lumber and building product distribution, manufacturing and assembly centers throughout the U.S.
About Building Materials Wholesale/Retail
Building Materials Wholesale/Retail was founded in 1996 in Pineville, NC as a full-service supplier of drywall and related products to home builders, general contractors, and drywall subcontractors. Today, the organization is headquartered in Charlotte and has yards in five locations: Charlotte, Greensboro, Statesville, Wilmington and Fayetteville.
|
Back to Article List
|
|
 |
|
Copyright 2007.
