ATLANTA - Atlanta building and remodeling supply firms Construction Resources, Inc. and Builder Specialties, Inc., will merge.
The merger comes following a transaction with Monomoy Capital Partners II, L.P., which finalized the purchase of both companies. Now known as Construction Resources, the combined firms will become the leading provider and installer of building products in the Southeast region.
"We will provide builders, designers, remodelers, general contractors, property managers, and retail consumers with a 'one-stop shop' for all major specialty building products, along with best in class installation and aftermarket services," said Mitch Hires, who served as CEO of Construction Resources, Inc. and will be CEO of the combined firms.
The merged company will continue all current lines of business, offering appliances, countertops, garage doors, hearth products, tile and flooring, glass and mirror, lighting, cabinets, and specialties.
Together, Builder Specialties, Inc. and Construction Resources, Inc. will have a physical presence in four states allowing it to enhance service in the South and Mid-Atlantic region. The combined company will also leverage its expanded distribution network, and says it plans to integrate all nine product categories into its design centers. In total, the new company will operate from 27 locations.
"As the housing market continues to improve, particularly in greater-Atlanta and surrounding regions, we see a significant opportunity to expand and grow our business," said David Haun, who will serve as President of Construction Resources. Monomoy says it believes in the growth opportunities for Construction Resources, and plans to provide access to capital to accelerate its growth.
Owners from Construction Resources and Builder Specialties, Inc. will retain a stake in the business moving forward, including Sonny Hires who will serve as VP of Sales for the combined entity. Both businesses have strong management teams that will continue with the organization, and the new executive leadership team comprises key individuals who held senior roles at Construction Resources and Builder Specialties.
Construction Resources, Inc. is a 45-year-old company that provides residential and commercial builders/remodelers, as well as homeowners with a one-stop shop for their kitchen and bath needs. Builder Specialties, Inc. has been servicing the builder and homeowner communities in Atlanta for over 50 years. It has a 150,000 square-foot distribution center.
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