CEO steps down at BMC
After leading BMC through the planning and execution of its acquisition of Stock Build Supply, Peter Alexander is stepping down from his post as CEO of BMC Stock Holdings, effective immediately. Current director David Keltner, 58, will replace him as interim presidet and CEO during the company's search for a permanent replacement.
Keltner joined the board of BMC Stock Holdings in April 2014. He formerly served as CFO of Ferguson Enterprises, and CFO of Wolseley North America, which at one time owned Stock Building Supply, before it merged with BMC.
In a prepared statement, Chairman of the Board David Bullock explained the move this way: ““Two years ago, we successfully merged two marquee businesses serving the residential building products market. “Since that time, BMC’s employees have done a commendable job combining operations and delivering more cost synergies than initially anticipated. Now, as we pivot the organization to accelerate our strategic plan, the Board of Directors and Peter Alexander determined it was time to make a leadership change to more fully leverage our national business portfolio and growth opportunities. We have a strong and experienced senior management team in place that will work closely with Mr. Keltner to make this leadership transition seamless for our customers, suppliers, employees and shareholders.”
BMC describes itself as a leading provider of diversified building products and services in the U.S. residential construction market. Annual sales exceed $3 billion.
"I'm excited about the opportunity to lead BMC through this transition," said Keltner. "With the shared goal to deliver best-in-class customer service and exeptional innovative solutions."
Alexander took the reins of what was then known as "BMC Select" in 2010, when it operated 50 locations in 9 states. The company completed its acquistion of Stock Building Supply in December of 2015. Today, BMC-Stock Holdings operates some 150 locations serving 43 metro areas in 18 states.
Chaney Enterprises launches BuilderUp
Chaney Enterprises has created a new pro dealer division featuring three locations in Maryland.
BuilderUp, a new building supplies and services division, has been formed by the merger of Dunkirk Supply and The Concrete Store.
Materials and services available at the new BuilderUp include custom truss manufacturing and steel fabrication (I-beams, lolly columns, wrought iron rails and welding services), crane services, engineered wood products, concrete supplies, hardscapes, doors, windows, lumber and general tools and supplies for professional builders of all sizes.
BuilderUp operates from locations in Owings and Waldorf, Md., along with a truss and steel plant also in Owings.
Steven Tripp, marketing manager at Chaney Enterprises, has been named chief builder of BuilderUp, taking over operations of the new division and overseeing the merger and launch. A 10-year employee of Chaney, Tripp said he is dedicated to advancing the building industry in his new role by modernizing the brand, equipment, and processes with a focus on the customer.
“We could not imagine a more ideal way to bring these two leading suppliers together than to create BuilderUp,” Tripp said. “My first six months has been busy, laying the groundwork of a new company and working out the details of the merger."
“The expansion brings two different but trusted construction suppliers together and promises great news to present and future customers,” Tripp said. “With a hyper focus on a mission to make life easier for our customers, we have new product lines, services, and methods of helping them that we’ll be announcing throughout the year. We are really looking forward to sharing innovations that nobody in the industry is even thinking about.”
Chaney Enterprises acquired the 40-year-old Dunkirk Supply in 2016 and has owned and operated The Concrete Store for 26 years.
Gordon Lumber celebrates 150 years
It’s a milestone year for Gordon Lumber. The Fremont, Ohio-based dealer is celebrating 150 years of helping to build communities in Ohio and Michigan.
“This milestone 150th anniversary cannot be replicated by many companies,” said Erin Leonard, president of Gordon Lumber. “Our roots trace back to a time when a single man decided to open a sawmill. From that first step to now, Gordon Lumber has evolved as a standout Ohio business.”
Gordon Lumber operates six home center and lumberyard locations — in Bellevue, Bowling Green, Fremont, Genoa, Huron and Port Clinton — and a component manufacturing facility in Findlay.
Started in 1868 by Ohio settler Washington Gordon, the company began with a small sawmill built 15 decades ago by Gordon in Oak Harbor, Ohio.
“The history of our company fascinates me,” said Pamela Goetsch, great-great-granddaughter of Gordon and a member of the Gordon Lumber board of directors. “We can accurately trace the life of this company from its founding shortly after the Civil War. For the first 30 years, my great-great-grandfather had a prosperous sawmill operation, and over time brought other family members, including his brother-in-law, Henry Kilmer, into the management of the company.
“A year after his death in 1903, the Gordon Lumber company was incorporated in Ohio to support the continued growth of the business.”
According to historical records, a basket manufacturing business was added to the business for several years in 1908, and then in 1916 the company went back to focusing on lumber.
During the next several decades, the company added a variety of lumberyards and stores. A components (truss) division was added in 1961. And in 2013, the company began transacting business in Michigan. The company has weathered the Great Depression, two world wars and the 2008 housing crisis and continues to serve communities in northwest Ohio and southern Michigan.
“We not only have grown Washington Gordon’s original vision by opening home centers and a component plant, we’re contributing to the different communities where we have operations,” Leonard said. “And, our company has been a source of employment and support to the building industry for decades.”
Leonard relates that today’s Gordon Lumber focuses on seven reasons why people should bring their business to their stores: dedicated customer focus, local expertise, real-world experience, hometown pride, rental centers, helpful advice and support, and the longevity of its employees.
Leonard shares that the average Gordon Lumber employee has been on the job for 13 years, and half of the employees have been with the company for 20-plus years. Some of the dealer’s 120 employees have been with Gordon Lumber for 30 or more years.
“We’ve embraced the same principles that Washington Gordon and the original family members did when starting this company,” Leonard said. “These are our core values. They’re what sets us apart in the marketplace and will help us grow into our next 150 years.”