LUMBERYARDS

S&P lowers outlook on BFS
Standard & Poor’s has downgraded Builders FirstSource, following the Dallas pro dealer’s announcement that it has abandoned plans to refinance its existing debt and extend its revolving credit facility due in 2012.

The New York ratings agency lowered the company’s corporate credit rating from a “CCC+” to a “CCC” and gave it a negative outlook. S&P cited “ongoing weakness in new residential housing markets” and possible liquidity problems over the next several quarters.
New M&A/private equity firm enters building industry channel
A former co-founder of Building Industry Partners has formed a new venture that targets privately owned “middle market” LBM companies. Anchor Peabody LLC, founded by Jason Fraler, offers private equity capital, mergers and acquisitions and debt advisory to the building and construction industry.

Joining the firm’s advisory board is Tony DeCarlo, the former CEO of Lumbermens Merchandising Corporation (LMC).

Lobbying in a 'new' Washington, D.C.

Two congressmen and a handful of "priority issues" kick-start a Legislative Conference.
Big deal: Builders FirstSource to acquire ProBuild

"As the U.S. housing market continues its recovery, we believe now is the ideal time to position Builders FirstSource for its next phase of growth and value creation," says Builders FirstSource CEO Floyd Sherman.
S.W. Collins: 2014 Independent Pro Dealer of the Year

At the 2014 ProDealer Industry Summit in San Diego, California, the spirit of the independent lumber dealer was on full display.
Stine Home and Yard earns Golden Hammer award

Stine Home & Yard will accept the prestigious Retailer of the Year Award during the 2014 Golden Hammer Awards Ceremony at this year’s National Hardware Show in Las Vegas on May 6.
MarJam means business

Take the L train to Morgan Street station in Brooklyn, walk down the hill a few minutes.

S&amp;P lowers outlook on BFS