Stock completes Bison acquisition
Raleigh, N.C.-based Stock Building Supply announced it has completed the purchase of assets of Houston-based Bison Building Holdings and its subsidiaries.
The acquisition of Bison out of bankruptcy court will make Stock the largest supplier of building materials in the Houston area and marks Stock’s second acquisition this year, after the purchase of Arkansas-based National Home Centers in April.
"We will continue exploring intelligent growth options both in our core markets and elsewhere if opportunities arise. This acquisition is an excellent strategic transaction for Stock and allows us to continue to transform our operating model to specifically focus on the residential construction market," commented Joe Appelmann, CEO of Stock. "The combination of Stock and Bison further strengthens our residential business in Texas. It also leverages each company's strengths and will ultimately provide an enhanced experience for our customers."
Stock said the combined business would operate in the Houston market as Bison Building Materials, a Stock Building Supply Co. The company said Tom Tolleson, CEO for Bison, would continue to lead the combined Houston operations.
"I look forward to leading the Houston operations and the exceptional team we have in place," Tolleson said. "Our combined operations are positioned for solid growth in the near term. I'm very excited about this transaction and the opportunities it will provide for our employees and customers."
Stock Building Supply currently operates in 20 key residential markets throughout the United States, including: Washington, D.C.; Paradise, Pa.; Richmond, Va.; Raleigh-Durham, N.C.; Charlotte, N.C.; Winston-Salem/Greensboro, N.C.; Greenville, S.C.; Columbia, S.C.; Atlanta; Austin, Texas; Amarillo, Texas; Houston; Lubbock, Texas; San Antonio; Albuquerque, N.M.; Salt Lake City; Southern Utah; Northern Idaho/Eastern Washington; Central and Northwest Arkansas; and Los Angeles.