Builders FirstSource Announces Definitive Agreement to Acquire Alpine Lumber
Builders FirstSource (NYSE: BLDR) has announced a definitive agreement to acquire Alpine Lumber Company, a Colorado-based employee-owned business with 21 locations serving Colorado and northern New Mexico. Alpine, founded in 1963, reported trailing twelve-month sales of approximately $500 million as of November 2024.
The acquisition, expected to close in early Q1 2025, will be funded through existing cash and credit facilities. The deal is anticipated to be accretive to BLDR's adjusted earnings per share in 2025. Alpine's CEO Hamid Taha will remain during the transition period to ensure successful business integration.
This strategic acquisition expands BLDR's geographic presence in the West Division and aligns with their capital deployment strategy for high-growth investments.
Builders FirstSource (NYSE: BLDR) ha annunciato un accordo definitivo per acquisire Alpine Lumber Company, un'azienda di proprietà dei dipendenti con sede in Colorado, che conta 21 sedi servendo il Colorado e il nord del Nuovo Messico. Alpine, fondata nel 1963, ha riportato vendite complessive degli ultimi dodici mesi di circa 500 milioni di dollari a novembre 2024.
L'acquisizione, prevista per chiudersi all'inizio del primo trimestre del 2025, sarà finanziata attraverso liquidità esistente e linee di credito. Si prevede che l'accordo avrà un impatto positivo sugli utili per azione rettificati di BLDR nel 2025. L'amministratore delegato di Alpine, Hamid Taha, rimarrà durante il periodo di transizione per garantire una riuscita integrazione del business.
Questa acquisizione strategica amplia la presenza geografica di BLDR nella Divisione Ovest e si allinea con la loro strategia di deployment del capitale per investimenti ad alta crescita.
Builders FirstSource (NYSE: BLDR) ha anunciado un acuerdo definitivo para adquirir Alpine Lumber Company, una empresa propiedad de empleados con sede en Colorado, que cuenta con 21 ubicaciones que sirven a Colorado y el norte de Nuevo México. Alpine, fundada en 1963, reportó ventas de aproximadamente $500 millones durante los últimos doce meses hasta noviembre de 2024.
Se espera que la adquisición, que se cerrará a principios del primer trimestre de 2025, se financie a través de efectivo y líneas de crédito existentes. Se anticipa que el acuerdo será beneficioso para las ganancias ajustadas por acción de BLDR en 2025. El CEO de Alpine, Hamid Taha, permanecerá durante el período de transición para asegurar una integración exitosa del negocio.
Esta adquisición estratégica expande la presencia geográfica de BLDR en la División Oeste y se alinea con su estrategia de despliegue de capital para inversiones de alto crecimiento.
Builders FirstSource (NYSE: BLDR)는 콜로라도에 본사를 둔 직원 소유 기업인 Alpine Lumber Company를 인수하기 위한 확정 계약을 발표했습니다. Alpine은 21개의 지점을 운영하며 콜로라도와 뉴멕시코 북부를 서비스하고 있습니다. 1963년에 설립된 Alpine은 2024년 11월 기준으로 최근 12개월 매출이 약 5억 달러에 달한다고 보고했습니다.
이번 인수는 2025년 1분기 초에 마감될 예정이며, 기존 현금 및 신용 시설을 통해 자금이 조달될 것입니다. 이번 거래는 2025년 BLDR의 조정 주당순이익에 긍정적인 영향을 미칠 것으로 예상됩니다. Alpine의 CEO인 Hamid Taha는 성공적인 사업 통합을 보장하기 위해 전환 기간 동안 남아있을 것입니다.
이번 전략적 인수는 BLDR의 서부 부문에서의 지리적 존재를 확장하며, 고성장 투자에 대한 자본 배치 전략과 일치합니다.
Builders FirstSource (NYSE: BLDR) a annoncé un accord définitif pour acquérir Alpine Lumber Company, une entreprise détenue par ses employés basée dans le Colorado, qui compte 21 points de vente servant le Colorado et le nord du Nouveau-Mexique. Fondée en 1963, Alpine a rapporté des ventes de près de 500 millions de dollars au cours des douze derniers mois selon les données de novembre 2024.
L'acquisition, qui devrait se conclure début du premier trimestre 2025, sera financée par des liquidités existantes et des lignes de crédit. Ce contrat devrait avoir un impact positif sur le bénéfice net par action ajusté de BLDR en 2025. Le PDG d'Alpine, Hamid Taha, restera pendant la période de transition pour assurer une intégration réussie des activités.
Cette acquisition stratégique renforce la présence géographique de BLDR dans la division Ouest et s'inscrit dans leur stratégie de déploiement de capital pour des investissements à forte croissance.
Builders FirstSource (NYSE: BLDR) hat einen endgültigen Vertrag zur Übernahme von Alpine Lumber Company angekündigt, einem in Colorado ansässigen, im Eigentum von Angestellten befindlichen Unternehmen mit 21 Standorten, das Colorado und den Norden von New Mexico beliefert. Alpine, 1963 gegründet, meldete im Zeitraum von 12 Monaten bis November 2024 einen Umsatz von etwa 500 Millionen Dollar.
Die Übernahme, die Anfang des ersten Quartals 2025 abgeschlossen werden soll, wird durch bestehende liquide Mittel und Kreditlinien finanziert. Es wird erwartet, dass der Deal die bereinigten Ergebnisse pro Aktie von BLDR im Jahr 2025 positiv beeinflusst. Der CEO von Alpine, Hamid Taha, wird während der Übergangszeit bleiben, um eine erfolgreiche Integration des Unternehmens zu gewährleisten.
Diese strategische Übernahme erweitert die geografische Präsenz von BLDR in der Westdivision und passt zu ihrer Kapitalbereitstellungsstrategie für Investitionen mit hohem Wachstum.
- Expected to be accretive to earnings per share in 2025
- Adds $500 million in trailing twelve-month sales
- Expands geographic footprint in Colorado and New Mexico markets
- Enhances product offering with prefabricated trusses, wall panels, and millwork
- Strengthens market presence in attractive Western markets
- None.
Insights
The acquisition of Alpine Lumber represents a strategic expansion into high-growth Colorado and New Mexico markets, adding
Alpine's employee-owned structure typically results in well-maintained operations and strong customer relationships, which should facilitate integration. The retention of Alpine's CEO during the transition period suggests a thoughtful approach to preserving customer relationships and operational continuity. The deal's expected accretion to earnings in 2025 indicates potential operational synergies and margin expansion opportunities through increased scale and operational efficiency.
This acquisition significantly enhances BLDR's vertical integration capabilities in the Rocky Mountain region. Alpine's 21 locations and manufacturing facilities for trusses, wall panels and millwork complement BLDR's existing network of 580 locations. The strategic value lies in gaining established supply chain infrastructure in a region experiencing substantial construction activity. The deal strengthens BLDR's ability to serve 48 of the top 50 MSAs, improving logistics efficiency and reducing transportation costs.
The timing aligns with broader industry trends toward prefabricated components and integrated building solutions. Alpine's manufacturing capabilities in these high-margin product categories position BLDR to capitalize on the growing demand for labor-saving building solutions in a market facing persistent skilled labor shortages.
Expands Geographic Reach in
Founded in
“Alpine has long-standing customer relationships and a proven track record of profitable growth in highly attractive markets,” said Peter Jackson, President and CEO of Builders FirstSource. “This acquisition aligns with our strategic pillar to deploy capital to high-growth investments, and it enhances our footprint in our West Division. The complementary nature of our businesses and shared cultures of delivering exceptional customer service will provide significant benefits to our customers, employees, and shareholders. I am looking forward to welcoming the Alpine team members to Builders FirstSource.”
Hamid Taha, Chief Executive Officer of Alpine, will remain with the business for a transition period to help ensure a successful combination of the Alpine and Builders FirstSource businesses in
Alpine reported TTM sales of approximately
Class VI Partners and Davis Graham of
About Builders FirstSource
Headquartered in
Forward-Looking Statements
Statements in this news release and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about forecasted financial performance or other statements about anticipations, beliefs, expectations, hopes, synergies, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. As with the forward-looking statements included in this release, these forward-looking statements are by nature inherently uncertain, and actual results or events may differ materially as a result of many factors. All forward-looking statements are based upon information available to Builders FirstSource on the date this release was submitted. Builders FirstSource undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements involve risks and uncertainties, many of which are beyond the Company’s control or may be currently unknown to the Company, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements; such risks or uncertainties include those related to the Company’s growth strategies, including acquisitions, organic growth and digital strategies, or the dependence of the Company’s revenues and operating results on, among other things, the homebuilding industry and, to a lesser extent, repair and remodel activity, which in each case is dependent on economic conditions, including inflation, interest rates, consumer confidence, labor and supply shortages, and also lumber and other commodity prices. Builders FirstSource may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Builders FirstSource’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) and may also be described from time to time in the other reports Builders FirstSource files with the SEC. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.
Non-GAAP Financial Measures
The financial measure entitled Adjusted net income per share is not a financial measure recognized under GAAP and are therefore a non-GAAP financial measure. The Company believes that this non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and operating results.
Diluted Adjusted net income per share is defined as Adjusted net income divided by weighted average diluted common shares outstanding.
The Company believes that this non-GAAP financial measure provides additional tools for investors to use in evaluating ongoing operating results, cash flows and trends and in comparing the Company’s financial measures with other companies in the Company’s industry, which may present similar non-GAAP financial measures to investors. However, the Company’s calculations of these financial measures are not necessarily comparable to similarly titled measures reported by other companies. Company management does not consider these financial measures in isolation or as alternatives to financial measures determined in accordance with GAAP. Furthermore, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company’s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures of other companies.
Please see the Forward-Looking Statements section of this release for a discussion of certain risks relevant to the Company’s outlook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241223612968/en/
Heather Kos
SVP, Investor Relations
Builders FirstSource, Inc.
investorrelations@bldr.com
Source: Builders FirstSource, Inc.
FAQ
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