The planned transition of the CEO role is taking place 90 days after Builders FirstSource (BFS) and BMC Stock Holdings, Inc. (BMC) announced the completion of their all-stock merger transaction and coincides with the previously announced retirement plan of former BFS CEO Chad Crow.
“This is truly an exciting time for Builders FirstSource,” Flitman said. “I firmly believe that growth is what’s at the heart of this merger – consolidating and expanding our reach in a fragmented industry, innovating and building on our value-add offerings, and giving our people the resources needed to deliver the enhanced service our customers expect from us,”
Following the merger, BFS now consists of 550 locations in nearly 40 states. The super dealer also has a presence in 85 of the top 100 metro markets.
“By uniting our companies, we have increased our size and market position, and this strategic combination is a transformational step forward for our team members, customers and shareholders,” Flitman noted. “While we are still in the early phases of the integration process, the seamless transition and remarkable success that have defined our merger thus far would not have been possible without Chad’s leadership. I want to thank him for his dedication and guidance, and I wish him the very best in retirement.”
Dave Flitman has more than three decades of experience in leading distribution businesses across multiple industries, including building materials, energy and power, and industrial chemicals. Prior to the merger, Flitman served as president and CEO of BMC. Previously, he held the titles of president and CEO of Performance Foodservice; chief operating officer of Univar; president of Univar USA and chief supply chain officer; executive vice president and president of water and process services at Ecolab. Flitman currently serves on the board of directors for Veritiv Corporation, a publicly held packaging distribution company.
Crow also had solid words for Flitman and the future of the company.
“I would like to thank everyone who supported me throughout my career at Builders FirstSource,” Crow said. “When I joined BFS more than 20 years ago, it was, of course, much smaller, having only completed a few acquisitions at that time. I could not have dreamed this company would be where it is today – an industry leader – but more importantly, such a special place to work filled with incredible people, and where I have developed life-long friendships. I’m incredibly proud of the growth we’ve achieved over the last two decades. This strategic merger marks an extraordinary new chapter for Builders FirstSource, and I’m confident it will thrive under Dave’s leadership.”
Crow will remain available on a consulting basis to support the integration and to ensure an orderly transition.
Builders FirstSource is based in Dallas, Texas. Along with supplying lumber and building products, the company’s portfolio includes prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.