Denver-based Kodiak Building Partners has agreed to purchase the assets of Factory Builder Stores, a large independent specialty distributor of appliances and cabinets based in Houston.
"We are very excited about having Factory Builder Stores join our team," said Kodiak chairman Paul Hylbert. "Doug Rapier and his management group have built a fine organization serving custom home builders, remodeling contractors and consumers in the major markets in Texas. In addition to strengthening our presence in greater Houston, the company and its strong people offer us a platform for expanding throughout Texas."
Doug Rapier, CEO of Factory Building Stores, added that the acquisition will help boost the company's expansion in Texas.
Factory Builder Stores serves builders statewide with locations in Austin, San Antonio, College Station, Corpus Christi, the DFW Market and Houston.
The transaction is expected to close by the end of April.
Kodiak Building Partners was founded in Denver in 2011 to invest in building products distributors. The firm’s current portfolio of companies includes Barton Supply, a steel fabricator and distributor with three locations in Colorado; Gulf & Basco, a window, cabinet and appliance distributor serving greater Houston; Jones-Heartz Drywall Supply, a gypsum and accessories distributor also serving the Colorado market; and New England Building Supply, a building products distributor serving greater Boston.