None
EN
Why Builders FirstSource bought ICG; and why Pulte sold it
['Tyler Williams', 'Flávia Furlan Nunes', 'Jonathan Delozier', 'Housingwire Automation', 'John Mcmanus', 'Sarah Wolak']
HousingWire
Builders FirstSource, for its part, has completed more than 40 acquisitions since 2021, cementing its position as one of the industry’s leading consolidators.
(Source: Builders FirstSource company materials)The ICG acquisition could further advance Builders FirstSource’s strategic transition from a traditional building materials distributor into a manufacturer of value-added, off-site construction solutions.
The ICG deal will also give Builders FirstSource more market exposure in rapidly growing Southeastern markets.
The acquisition comes during a challenging stretch for Builders FirstSource, which reported losses in Q1 and Q2 of this year amid declining new home starts.
“For all the trouble that Builders FirstSource has had, it still does want to grow.”