Builders FirstSource Completes National Lumber Acquisition
Builders FirstSource Inc. announced the acquisition of National Lumber, New England’s largest independent building materials supplier.
National Lumber employs over 700 people in Massachusetts, Connecticut, and Rhode Island and runs 19 plants with a varied range of goods and end markets.
In 2021, national lumber sales are estimated to be over $440 million.
“We are thrilled to further expand our capabilities into New England by welcoming National Lumber to the Builders FirstSource family,” said Builders FirstSource President and CEO Dave Flitman.
“The company’s diverse building materials and service offerings, which include prefabricated components to millwork and their strong R&R mix, will add even more depth to the value-added solutions Builders FirstSource customers rely on. We look forward to strengthening our presence in New England while continuing to pursue additional acquisition and organic growth opportunities across the nation.”
“Following 87 years as a family-owned company, we are excited about our future with BFS, the biggest, and more importantly, the best supplier of building materials to professionals in the country,” National Lumber Co-CEO Steven Kaitz stated.
“My sister, Margie, and I have been stewards for over 45 years of a business built by our grandfather, dad, uncle and now our dedicated employees, who will get to share in our continued success.”
Following the transaction, National Lumber President Manny Pina and other key members of senior leadership will continue to manage local operations.
National Lumber’s financial advisor was the JIAN Group LLC.