Builders FirstSource, Dallas, Tx., has entered into a definitive agreement to acquire Alliance Lumber parent Cornerstone Building Alliance SW, LLC, the largest independently operated supplier of building materials in Arizona.
Based in Glendale, Az., the company operates Alliance Lumber, Alliance Truss, Alliance EWP, and Alliance Hardware.
Combined, the company had sales exceeding $330 million over the prior 12 months.
The deal, worth $400 million, is expected to close near the end of the second quarter.
“This acquisition is aligned with our strategy of investing organically and through M&A, to shift our portfolio toward high-value and faster-growth categories,” said Dave Flitman, president and CEO of Builders FirstSource. “Alliance’s service area represents the third largest single-family market and includes the fastest growing county, Maricopa, in the country. Alliance’s geographic footprint represents an excellent strategic fit, with a limited overlap of our existing geographic coverage that enables us to expand our product lines across various end markets.”
True Carr, managing partner of Alliance, will continue with BFS.
BFS currently operates 550 locations in 40 states.