BMC acquires DeFord Lumber
The acquisition expands BMC’s presence in the Dallas-Fort Worth market.
BMC Stock Holdings, Inc. announced today that it has acquired DeFord Lumber in the Dallas-Fort Worth market.
Founded in 1964 in Duncanville, Texas, DeFord is recognized as a leading provider of building materials, primarily to custom and regional homebuilders in the region. The pro dealer offers millwork, doors, windows, structural components and other building materials.
DeFord generated $75 million in total net sales for the 12 months ended Sept. 30, 2019. Orius, Inc. served as the seller’s transaction advisor. Terms of the deal were not disclosed.
BMC said that DeFord improves its business in Dallas-Fort Worth by bringing new customers, new value-added capabilities, and DeFord’s capable and knowledgeable leadership.
“We are very pleased to welcome the employees of DeFord to the BMC team,” said Dave Flitman, CEO of BMC. “Known for their exemplary customer service as well as their value-added offerings, particularly in the custom home builder space, DeFord is an outstanding addition to our Dallas-Fort Worth portfolio and gives us additional access to and a presence on the south side of Dallas.”
Flitman noted that DeFord is the “sixth tuck-in acquisition we have completed this year.”
“Consistent with our stated strategic priorities, we are actively pursuing tuck-in acquisitions that enhance our value-added capabilities, our product mix and/or our customer mix to improve the overall margin profile of the business and drive long-term shareholder value. To date, the acquisitions we have completed this year are expected to add nearly $275 million in annual net sales,” Flitman said.
With approximately $3.7 billion in 2018 net sales, BMC provides building products, services and solutions to builders, contractors and professional remodelers in the U.S. residential housing market. Headquartered in Raleigh, N.C., serves 45 metropolitan areas across 18 states, principally in the South and West regions.
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