ProBuild Holdings acquires Centex distribution arm
Pro Build Holdings, the industry’s largest chain of lumberyards, has purchased the assets of CTX Builders Supply, a division of Centex Homes that distributed building materials and manufactured trusses and wall panels. Terms of the deal were not disclosed.
The deal will plant a Pro Build flag in the Phoenix market, where the Denver-based pro dealer has yet to establish itself. Five other facilities, consisting of component plants and distribution yards, will also join ProBuild’s various divisions. They are located in Albemarle, N.C.; Plant City, Fla.; Buda, Texas; Carrollton, Texas; and Visalia, Calif.
The Dallas-based builder originally established CTX Builders Supply as a way of leveraging its scale and driving down costs by supplying its own construction projects. The division was able to buy directly from manufacturers and then repackage the building materials for delivery to job sites.
The CTX locations are combined component manufacturing and distribution facilities, although that may change, according to ProBuild. “In some locations we will continue to perform both functions, in others we will concentrate on manufacturing and change over the distribution to our local yards,” said Paul Hylbert, company CEO, in an interview with HCN.
Visalia, in central California, is also a new market for ProBuild, although the company has a location in Bakersfield, 70 miles away. In Texas, North Carolina and Florida, “We will be adding the CTX locations to our mix of facilities, which are generally in close proximity,” Hylbert said.
Although Visalia and Phoenix are among the most depressed home-building markets in the country, Hylbert noted that “these [CTX> operations are generating revenues and serving active Centex communities. Houses are being built in these markets.” ProBuild will now be serving Centex—along with its other customers—from these locations, according to Hylbert.
ProBuild now operates more than 550 locations in 42 states.
