Builders FirstSource has made another strategic acquisition, announcing that it has bought California TrusFrame, LLC (CTF).
Based in Murietta, Calif., CTF is the state's largest independent truss manufacturer with sales of $143 million for 12 trailing months as of July 31. Builders FirstSource said it is paying $179.5 million for the deal.
In a statement issued this morning, Builders FirstSource said the acquisition adds substantial scale to its value-added components business in both northern and southern California.
Established in 1982, CTF is a leading designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses, and wall panels, supplying home builders, framers, and general contractors across single-family and multi-family end markets throughout the state.
The company operates four strategically located manufacturing facilities in the state including Hughson, Sanger, and two locations in Perris, Calif.
CTF is led by President and CEO Shawn Overholtzer, who join Builders FirstSource along with the rest of its employees upon closing of the deal.
“We are pleased to strengthen our broad portfolio of industry-leading solutions and valued-added products with the acquisition of CTF,” said Dave Flitman, president and CEO of Builders FirstSource. “CTF’s uniquely positioned operations will allow us to expand our offerings and production capacity in the largest housing market in the country, delivering benefits to our new and existing customers.”
“We are excited to welcome Shawn and the rest of the CTF team to Builders FirstSource and look forward to enhancing our established platform and resources to further grow our value-added capabilities in this important market,” Flitman added.
Last month, Builders FirstSource closed on its acquisition of WTS Paradigm, LLC (Paradigm), a software solutions and services provider for the building products industry.
Based in Dallas, Texas, Builders FirstSource operates about 550 locations in 39 states.