Builders FirstSource (BFS) announced today it now expects to close on its acquisition of ProBuild by early August now that all third-party and governmental hurdles have been cleared.
BFS has received “all third-party and governmental consents necessary for the completion” of the ProBuild takeover, the Dallas-based dealer said in a statement. “Subject to the satisfaction or waiver of certain customary conditions at closing, the acquisition is expected to close in early August 2015 in conjunction with Builders FirstSource’s previously announced financing transactions.” The company had previously said only that it expected the deal to be closed in the second half of this year.
BFS announced on April 13 that it will acquire ProBuild in an all-cash deal worth $1.63 billion. The acquisition creates America’s biggest pro-oriented building material supplier with operations from Florida to Alaska.
