Builders FirstSource Inc. has entered into a definitive agreement to acquire Alpine Lumber Company.
Founded in Englewood, Colo., 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 has long-standing customer relationships and a proven track record of profitable growth in highly attractive markets,” said Peter Jackson, president and CEO of Builders FirstSource. “This acquisition aligns with our strategic pillar to deploy capital to high-growth investments, and it enhances our footprint in our West Division. The complementary nature of our businesses and shared cultures of delivering exceptional customer service will provide significant benefits to our customers, employees and shareholders.”
Hamid Taha, CEO of Alpine, will remain with the business for a transition period to help ensure a successful combination of the Alpine and Builders FirstSource businesses in Colorado and northern New Mexico.
“This transaction rewards the long history of dedication by Alpine’s employee owners and positions the combined business to provide a wider range of product categories and superior service to our customers,” Taha said. “We are thrilled to join the Builders FirstSource team, and I know we have a bright future together.”
Class VI Partners and Davis Graham of Denver, Colorado advised Alpine on transaction and legal matters, respectively. Rothschild & Co and Centerview Partners LLC acted as financial advisors, and Alston Bird served as the legal advisor to Builders FirstSource.
It is expected to close early in the first quarter of 2025 subject to customary closing conditions.
