Builders FirstSource to acquire Alpine Lumber, terms not disclosed

Builders FirstSource (BLDR) announced that it has entered into a definitive agreement to acquire Alpine Lumber Company. Founded in Englewood, Colorado, by the Kurtz family in 1963 and subsequently converted to a 100% employee-owned and operated company, Alpine has 21 locations serving homebuilders and contractors in the Front Range of Colorado, western Colorado and northern New Mexico with a broad product range including prefabricated trusses and wall panels and millwork. Alpine reported TTM sales of approximately $500M as of November 2024. The acquisition is expected to be accretive to the company’s adjusted earnings per share in 2025 and will be funded through a combination of existing cash and credit facilities. It is expected to close early in the first quarter of 2025 subject to customary closing conditions.