ProBuild
{{Short description|American lumber company}}
{{Use mdy dates|date=September 2023}}
{{Infobox company
| name = ProBuild
| logo =
| type = Private
| foundation = 1997
| key_people = Robert Marchbank CEO
| industry = Building materials and retail
| location = 7595 Technology Way, 5th Floor Denver, Colorado
| products = Building materials and supplies
| num_employees = 9,223 (2013)
| fate = Acquired in 2015 by Builders FirstSource
| successor = Builders FirstSource, Inc.
}}
ProBuild Holdings was a privately held diversified supplier of lumber and building materials to professional builders and contractors in the United States.About ProBuild [http://www.probuild.com/content?parentItemId=&itemId=185&breadCrumbIndex= probuild.com] {{Webarchive|url=https://web.archive.org/web/20090211110555/http://probuild.com/content?parentItemId=&itemId=185&breadCrumbIndex= |date=2009-02-11 }}Pro-Build Holdings Inc. company overview [http://www.hoovers.com/pro-build/--ID__157442--/free-co-factsheet.xhtml hoovers.com] {{Webarchive|url=https://web.archive.org/web/20081025015148/http://www.hoovers.com/pro-build/--ID__157442--/free-co-factsheet.xhtml |date=2008-10-25 }}
Operation
ProBuild was acquired by Builders FirstSource in 2015 resulting in an entity with $6.1 billion combined 2014 revenue.{{Cite web|url=https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-completes-acquisition-probuild|title=Builders FirstSource Completes Acquisition of ProBuild|website=Builders FirstSource, Inc.|language=en|access-date=2019-10-20|archive-date=2019-10-20|archive-url=https://web.archive.org/web/20191020190357/https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-completes-acquisition-probuild|url-status=live}}
History
In 1997, Fidelity Capital, the business development arm of Fidelity Investments, acquired the Strober Organization, a supplier of building materials to professional builders and contractors in the Northeast.[http://www.probuild.com/Menu/Who+is+ProBuild/Our+History ProBuild Company History] {{Webarchive|url=https://web.archive.org/web/20130805174704/http://www.probuild.com/Menu/Who+is+ProBuild/Our+History |date=2013-08-05 }},{{Cite web |url=http://www.answers.com/topic/the-strober-organization-inc |title=Answers.com profile of the Strober Organization |website=Answers.com |access-date=2013-05-28 |archive-date=2013-05-25 |archive-url=https://web.archive.org/web/20130525083648/http://www.answers.com/topic/the-strober-organization-inc |url-status=live }} Over the next nine years, Strober acquired additional regional brands, extending its reach to the mid-Atlantic and Southeast markets.
By 2005, Strober had become one of the largest professional building materials dealers in the United States.{{Cite web |url=http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2006-prosales-100-list.aspx |title=2006 PROSALES 100 Company Rankings ProBuild Newsroom press release announcing acquisition of Lanoga Corporation |access-date=2013-05-28 |archive-date=2014-04-02 |archive-url=https://web.archive.org/web/20140402113056/http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2006-prosales-100-list.aspx |url-status=live }} In 2008, Fidelity Capital purchased Lanoga Corporation,{{Cite web |url=http://www.probuild.com/ContentItem/055367 |title=Building & Construction - Materials & Supply | ProBuild |access-date=2011-07-22 |archive-date=2013-03-10 |archive-url=https://web.archive.org/web/20130310140525/http://www.probuild.com/ContentItem/055367 |url-status=live }} which was, at the time, the nation's third-largest professional building materials dealer. Fidelity made the purchase through ProBuild Holdings, Inc., a newly created entity that included the Strober Organization. The Strober Organization was the sixth-largest professional building materials dealer in the U.S. at the time.{{Cite web |url=http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2006-prosales-100-list.aspx |title=2006 PROSALES 100 Company Rankings |access-date=2013-05-28 |archive-date=2014-04-02 |archive-url=https://web.archive.org/web/20140402113056/http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2006-prosales-100-list.aspx |url-status=live }} With the purchase of Lanoga, ProBuild's 2006 resources comprised over 420 locations in 38 states with more than 14,000 employees.{{Cite web |url=http://www.probuild.com/ContentItem/055368 |title=ProBuild Press Room - Press release announcing finalized purchase of Lanoga Corporation |access-date=2013-05-28 |archive-date=2013-03-10 |archive-url=https://web.archive.org/web/20130310142034/http://www.probuild.com/ContentItem/055368 |url-status=live }}
As Lanoga had purchased Spenard Builders Supply (SBS) and other builder's store in Fairbanks and Anchorage in 1978, the company's reach extended to Alaska.{{Cite web | url=https://www.sbsalaska.com/our-story/ | title=Our Story - Spenard Builders Supply | access-date=2023-06-18 | archive-date=2023-04-05 | archive-url=https://web.archive.org/web/20230405214451/https://www.sbsalaska.com/our-story/ | url-status=live }} SPS was founded in 1952 and as of 2022, has 10 retail locations throughout Alaska and four manufacturing locations where it makes roof trusses and other milled lumber products. It continues to operate under the Spendard name.[https://www.dnb.com/business-directory/company-profiles.spenard_builders_supply_llc.daa0f8cdcb1d32500083510c3eb7c644.html Company profile] {{Webarchive|url=https://web.archive.org/web/20220421150728/https://www.dnb.com/business-directory/company-profiles.spenard_builders_supply_llc.daa0f8cdcb1d32500083510c3eb7c644.html |date=2022-04-21 }}
The subsequent acquisitions of Hope Lumber and Supply {{Cite web |url=http://www.probuild.com/ContentItem/055372 |title=ProBuild Press Room - Press release announcing purchase of Hope Lumber and Supply |access-date=2011-07-22 |archive-date=2012-03-02 |archive-url=https://web.archive.org/web/20120302011338/http://www.probuild.com/ContentItem/055372 |url-status=live }} and other lumber suppliers made ProBuild the largest {{Cite web |url=http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2007-prosales-100-list.aspx |title=2007 PROSALES 100 Company Rankings |access-date=2013-05-28 |archive-date=2014-04-02 |archive-url=https://web.archive.org/web/20140402144751/http://www.prosalesmagazine.com/prosales-100-and-companies/prosales-100/2007-prosales-100-list.aspx |url-status=live }} professional building materials dealer in the United States by 2007 with more than 506 locations nationwide.
Following the downturn of the housing market in the United States in 2008, ProBuild consolidated a number of facilities and exited several markets,{{Cite web |url=http://www.prosalesmagazine.com/lumberyards/probuild-reveals-plans-to-shut-12-facilities.aspx |title=ProBuild Reveals Plans to Shut 12 Facilities - ProSales Magazine |access-date=2013-05-28 |archive-date=2013-06-22 |archive-url=https://web.archive.org/web/20130622154632/http://www.prosalesmagazine.com/lumberyards/probuild-reveals-plans-to-shut-12-facilities.aspx |url-status=live }}{{Cite web|url=http://www.prosalesmagazine.com/construction/probuild-id-s-most-of-the-20-yards-it-will-close.aspx|title=ProBuild ID's Most of the 20 Yards It Will Close | ProSales Online}} including Chicago{{Cite web |url=http://homechannelnews.com/article/probuild-exit-chicago-market |title=ProBuild to Exit Chicago Market - Home Channel News |access-date=2013-05-28 |archive-date=2013-05-15 |archive-url=https://web.archive.org/web/20130515145009/http://homechannelnews.com/article/probuild-exit-chicago-market |url-status=live }} and Pittsburgh.{{Cite web |url=http://homechannelnews.com/article/probuild-withdrawing-some-eastern-markets |title=ProBuild Withdrawing from Some Eastern Markets - Home Channel News |access-date=2013-05-28 |archive-date=2013-04-27 |archive-url=https://web.archive.org/web/20130427035522/http://www.homechannelnews.com/article/probuild-withdrawing-some-eastern-markets |url-status=live }} As was the case with much of the home building industry, sales fell during the downturn. ProBuild reported just over $3 billion in sales in 2009, down from at 2006 peak of $6 billion.{{Cite web|url=http://www.prosalesmagazine.com/leadership/probuild-ceo--our-sales-will-fall-to--3b-this-year.aspx|title=ProBuild CEO: Our Sales Will Fall to $3B This Year | ProSales Online}} By 2013, the company reported a nine percent increase in sales from the prior year.
On July 31, 2015, Builders FirstSource acquired ProBuild Holdings LLC, creating a more diversified company with enhanced scale and improved geographic footprint. The combined company, on a pro forma basis, generated over $6 billion in annual revenue in 2015 and currently operates approximately 400 locations in 40 states, with a market presence in 74 of the top 100 Metropolitan Statistical Areas in the United States.{{Cite web |url=https://www.bldr.com/about-us/about-us/ |title=Builders FirstSource | Building Supplies & Materials |access-date=2018-05-30 |archive-date=2018-08-23 |archive-url=https://web.archive.org/web/20180823075004/https://www.bldr.com/about-us/about-us/ |url-status=live }}{{Better source needed|date=July 2019}}