Builders FirstSource acquires Trussway
Builders FirstSource announced it has acquired Trussway, a provider of pre-fabricated roof and floor trusses as well as value-added building components and services, including for the multifamily sector.
According to Builders FirstSource, Trussway had annualized sales of $340 million. The company is based in Houston, Texas.
“We are thrilled that Trussway will now be an integral part of Builders FirstSource. Since 1972, Trussway has been a supplier of choice to customers due to its ability to routinely deliver high quality products and services,” said Dave Flitman, president and CEO of Builders FirstSource. “The addition of Trussway expands our footprint with our roof and floor truss offerings, including for multifamily customers, and enhances our value-added portfolio to better serve our customers and accelerate growth. We are excited to welcome the Trussway team, with its long-standing customer relationships and track record of profitable growth, into the Builders FirstSource family.”
Trussway has 1,000 employees nationwide. According to Builders FirstSource, Trussway benefits from customer relationships across the ecosystem of owners, developers, general contractors and framers.
Trussway serves more than 340 customer accounts in the U.S., and its average relationship with its top 25 customers is over 10 years.
Trussway provides innovative in-house estimating, design and engineering approach will be complementary to Builders FirstSource and lead to synergies across its portfolio.
As part of the acquisition, Builders FirstSource is adding Trussway’s integrated network of six strategically located manufacturing facilities across the U.S.
“Trussway is honored to be a part of the BFS family," said Jeff Smith, president and CEO of Trussway. "For 50 years, Trussway associates have worked hard at building this company into a leading truss manufacturer. We look forward to bringing, and building on, our high intensity approach to safety, quality, service, production and customer satisfaction with the BFS Team."
Trussway was founded in 1972 by Dick Rotto and is celebrating its 50th Anniversary this year.
The purchase of Trussway will be funded through cash on hand and the company’s asset-basset-based lending. Financial terms of the acquisition were not disclosed.
Based in Dallas, Texas, Builders FirstSource is the nation’s largest prodealer with roughly 560 locations in 42 states.
