Select Interior Concepts Expands Into Boise, Idaho Market
Select Interior Concepts (NASDAQ: SIC) announced its expansion into Boise, Idaho, increasing its Residential Design Services (RDS) locations to 32. This strategic move reinforces its partnership with Woodbridge Pacific Group, aimed at supporting the construction of high-quality homes in the region. CEO L.W. Varner expressed excitement about servicing a new market while leveraging over two decades of collaboration with Woodbridge. Construction will begin in mid-2021, enhancing SIC's position in the interior building products sector.
- Expansion into Boise strengthens SIC's market presence.
- New partnership with Woodbridge Pacific Group enhances business prospects.
- Increased number of RDS locations to 32 supports growth.
- None.
Expansion Undertaken in Tandem with Developer Woodbridge Pacific Group, LLC
ATLANTA, March 08, 2021 (GLOBE NEWSWIRE) -- Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today announced the Company is expanding the markets it serves, adding Boise, Idaho to its 31 existing Residential Design Services (RDS) locations. The greenfield expansion positions SIC’s RDS subsidiary to support and extend a key partnership with Woodbridge Pacific Group, LLC, a developer of architecturally distinctive homes in premier areas.
Chief Executive Officer L.W. (Bill) Varner, Jr. commented, “We are excited to announce RDS’s geographic expansion into the fast-growing Boise, Idaho market in support of one of our longest and most important partnerships. For more than two decades, RDS has worked closely with Woodbridge as it built high-quality homes in some of Southern California’s most desirable locations. We look forward to providing the same top-quality interior design installation services in a new region, in the process helping both RDS and Woodbridge grow and serve a new group of homebuyers seeking superior homes in attractive locations.”
Through its partnership with Woodbridge, RDS will provide design and installation work for multiple communities to be built in the Boise Metropolitan Area. Construction is scheduled to commence in several phases beginning in mid-2021.
ABOUT SELECT INTERIOR CONCEPTS
Select Interior Concepts is a premier installer and nationwide distributor of interior building products with leading market positions in highly attractive markets. Headquartered in Atlanta, Georgia, Select Interior Concepts is listed on the NASDAQ. The Residential Design Services segment provides integrated design, sourcing and installation solutions to customers, in the selection of a broad array of interior products and finishes, including flooring, cabinets, countertops, window treatments, and related interior items. The Architectural Surfaces Group segment distributes natural and engineered stone through a national network of distribution centers and showrooms under proprietary brand names such as PentalQuartz and MetroQuartz. For more information, visit: www.selectinteriorconcepts.com.
ABOUT WOODBRIDGE PACIFIC GROUP, LLC
Woodbridge Pacific Group, LLC is dedicated to crafting premium communities and homes by selecting premier areas, talented architects, designers, and craftsman to create a truly beautiful and unique home. Its homes have received industry accolades for their design and execution. Woodbridge closed nearly 200 homes in the Southern California market during 2020 and has served the Southern California markets for years.
FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “predict,” “project,” “forecast,” “potential,” “continue,” and other forms of these words or similar words or expressions or the negatives thereof. Forward-looking statements are based on historical information available at the time the statements are made and are based on management’s reasonable belief or expectations with respect to future events. Forward-looking statements are subject to risks, uncertainties, and other factors, including, but not limited to, risks and uncertainties relating to the COVID 19 pandemic (including those contained in our Form 8-K filed on May 5, 2020) and those factors contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (our “Annual Report”) and the other reports we file with the SEC, that may cause the Company’s actual results, level of activity, performance or achievement to be materially different from the results or plans expressed or implied by such forward-looking statements. All forward-looking statements in this press release are qualified by the factors, risks and uncertainties contained in our Annual Report. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at or by which such performance or results will be achieved. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.
CONTACTS:
Investor Relations:
Josh Large
(470) 548-7370
ir@sicinc.com
FAQ
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