BMC stockholders will receive roughly a half-share of Stock Building Supply stock for each BMC share. Upon closing, expected in the fourth quarter, BMC owners will hold about 60% of the merged company.

 

BMC’s Peter Alexander will serve as CEO of the new entity, which will be based in Atlanta. From Stock, CEO Jeff Rea will remain on the board, Jim Major will continue as CFO, and Bryan Yeazel will become chief administrative officer and general counsel. BMC chief integration leader Tony Genito will oversee the integration of the two businesses. 

 

Alexander and Rea will be joined on the combined company’s board by independent directors, including representatives from both firms’ current boards.

 

The deal was unanimously approved by the boards of both firms. 

 

Stock operates 68 locations in 14 states, primarily in the South and West. BMC has 82 facilities in the West, as well as Texas and North Carolina.