Build A House LLC, a Greenville, S.C.-based firm that bills itself as a one-stop remodeling and turnkey building supplier, announced Tuesday it has purchased from Stock Building Supply a commercial door operation in Greer, S.C., that Stock had closed earlier this summer while it was reorganizing under Chapter 11.
"Stock Building Supply's commercial door division is a strategic addition to Build A House," the company said in a statement that noted the transactionalso includes all existing client contracts. With the acquisition, it said, "the combined entity will support more than 300 commercial and residential contractors just in the upstate (South Carolina) area. This ... signals the arrival of a new era in building supply convenience in which contracts can utilize showrooms and products packaging for further convenience and cost savings."
Build A House, which took over the Greer operation in late July, has renamed it as Contract Supply and will use it to expand its presence in the commercial construction market, the company said.
"The market for building supplies is rapidly changing," Build A House president Paul Taylor said in a statement. "To be competitive in today's market you need to offer a complete showroom solution for product selection, seasoned install professionals, at the best price available in the market. The guys in the truck have their place but why do that when you have a choice of a more stable and flexible solution. With the addition of Stock's commercial door division we will be able to offer more complete solutions to commercial clients as well. In today's market you want the least number of vendors for ease of business and cost savings."
Build A House's staff includes remodeling crews, general contractors, and cabinet and interior designers. The company owns its own granite, cabinet, flooring, and remodeling companies and has an 8,000-square-foot showroom.
Stock's former commercial door operation in Greer is one of scores of facilities that Raleigh, N.C.-based Stock, the No. 2 company on the 2009 ProSales 100, closed in May and June after 51% of Stock was sold to a private equity firm and Stock entered Chapter 11 bankruptcy protection. By July 1, Stock had emerged from Chapter 11 as a reorganized company that would focus on just 19 markets nationwide.
Since then, dozens of the closed operations--including several facilities focusing on commercial markets--have been acquired and reopened under new owners. (See stories.).