ProBuild Holdings: One Of The Nation’s Largest
ProBuild Holdings does things in large ways. The firm is one of the country’s largest suppliers of building materials to professional builders, contractors, and the do-it-yourself market. The company serves its customers through 10 regional brands. ProBuild has over 470 locations where it runs lumber and building product manufacturing sites and distribution centers. The firm offers lumber, millwork, windows, doors, roofing, insulation, engineered wood, siding and trim, and gypsum.
It has a specialty building products business line which offers fasteners, hardware, and tools for residential and light commercial construction. Among the company’s regional holdings include Strober Building Supply and Dixieline ProBuild.
Probuild did not start out as a building supplier that grew. It began in 1997 when Devonshire Investors purchased Strober Organization which was a leading building materials supplier to professional builders and contractors in the Northeast. The next nine years saw Strober acquire solid regional brands, thereby expanding its activities to the mid-Atlantic and Southeast markets.
Each of the Strober brand operated independently and with the resources of Devonshire Investors these brands were able to offer more fully integrated solutions to local and regional builder customers. Strober was already one of the largest professional building materials dealers in the U.S. in 2006.
Devonshire Investors then formed Probuild to pursue the expansion and offer national coverage for the largest builders in the country. More acquisitions followed. This included Lanoga, Hope Lumber and Supply and others. It made Probuild at one point the largest professional dealer in the U.S. with more than 435 locations nationwide.
The financial meltdown in 2008 led to a downturn in the housing market. This caused Probuild to consolidate a number of facilities. It also exited several markets. While sales had a peak of $6 billion in 2006 it was down to $3 billion in 2009. Sales had increased by 2013.
Devonshire Investors may not be a familiar entity but it is owned by one of the largest financial institutions in the country, Fidelity Investments.