Builders FirstSource completes acquisition of Paradigm
Paradigm provides the super dealer with a digital platform that helps customers build more efficiently.
Builders FirstSource, Inc. reported that it has closed on its acquisition of WTS Paradigm, LLC (Paradigm), a software solutions and services provider for the building products industry.
Paradigm will operate as an independent business of Builders FirstSource. The move gives the Dallas, Texas-based building products and services suppliers with a digital platform to advance its strategy to deliver technology solutions that help its customers build more efficiently.
“We are excited to welcome Paradigm’s employees into the Builders FirstSource family and enhance our digital capabilities,” said Dave Flitman, president and CEO of Builders FirstSource. “Paradigm’s unmatched technology will help us provide our customers with solutions that address many of the inefficiencies throughout the home building process and reduce costs along the way."
Flitman said the acquisition puts Builders FirstSource in a strong position to capitalize on a"significant market opportunity in digital," anticipating that it will lead to $1 billion of incremental sales over the next five years.
Paradigm specializes in software development and consulting services that help manufacturers, retailers and homebuilders in the building products industry boost sales, reduce costs and become more efficient.
Based in Middleton, Wis., the company offers its customers a simplified process for configuring, estimating and manufacturing complex products with many options, such as windows and doors.
Builders FirstSource plans to continue to invest in the core Paradigm Omni configuration technology, which also powers a newer product: Paradigm Omni for Homebuilders, a virtual design technology that reduces friction and improves efficiency.
Builders FirstSource operates about 550 locations in 39 states.