ATLANTA, Dec. 21, 2015 /PRNewswire/ -- Construction Resources, Inc., and Builder Specialties, Inc., leading building supply companies based in Atlanta, today announced the two companies will merge. The merger is the result of a transaction with Monomoy Capital Partners II, L.P., which has finalized the purchase of both companies. The combined entity, now known as Construction Resources, will become the leading provider and installer of building products in the Southeast region.
"Construction Resources, Inc. and Builder Specialties, Inc. have a history of excellence in the building supply industry and long-standing customer relationships throughout the Southeast region," said Mitch Hires, who served as CEO of Construction Resources, Inc. and will be CEO of the combined company. "Together, 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."
The combined company will continue all current lines of business, offering customers an unmatched line of products and specialty expertise for 55 top brands across nine product categories. This includes 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 with an enhanced ability to service the South and Mid-Atlantic region. The combined company will also leverage their expanded distribution network, and plans to integrate all nine product categories into their design centers. In total, the new company will operate from 27 locations, including design centers, showrooms, and distribution facilities.
"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. "By merging our complementary businesses, we can enhance the way we operate and serve our customers to a degree that is well beyond any other building products supplier in our market."
Monomoy believes in the growth opportunities for Construction Resources. The firm brings additional management and operational expertise, and will be an important partner, providing access to capital to accelerate 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.
About Construction Resources, Inc.
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. Construction Resources, Inc. offers products from multiple divisions, including Atlanta Marble Mfg, Inc., Atlanta Kitchen, Inc., Atlanta Glass & Mirror, Inc, Builders Floor Covering and Tile, LLC, Florida Bath and Surfaces, National Stoneworks, and CR Home of Alabama. As a provider of multiple categories of products, Construction Resources, Inc. allows customers to simplify their ordering, scheduling, and vendor process by dealing with just one salesperson and company. The company has full-service design centers and showroom locations in Decatur, Buckhead, Alpharetta, and Buford, Ga.; Santa Rosa Beach, Fla.; and Birmingham, Ala. For more information on Construction Resources, Inc., visit CRHomeUSA.com.
About Builder Specialties, Inc.
Builder Specialties, Inc. has been servicing the builder and homeowner communities in Atlanta for over 50 years. The company provides better home solutions in appliances, fireplaces, mantels, garage doors, carriage style garage doors, lighting, and outdoor products to trade professionals and homeowners. One of the largest distributors in the Southeast with a 150,000 square-foot distribution center, BSI has showrooms located in Buckhead and Marietta, Ga., as well as Destin and Panama City, Fla. Sewell Appliances in Sandy Springs, Ga., Colonial Lighting in Sugar Hill, Ga., and ARD Distributors in Miami, Fla. are also owned and operated by BSI. BSI is an active member of National Home Builders Association, National Kitchen and Bath Association, and National Remodelers Association. For more information, visit builderspecialties.net.
Jason Morley, Kwittken
SOURCE Construction Resources, Inc.
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Merger Between Construction Resources, Inc. and Builder Specialties, Inc. Creates Unparalleled Offering for Building Products Customers in the Southeast
Dec 21, 2015, 08:00 EST