Stock Building Supply
Stock Building Supply, through its associated companies, has been a leading building materials and solutions company for professional homebuilders and contractors in the United States for more than 100 years. During this time we have concentrated our expertise in the residential homebuilding sector, specifically servicing regional builders of new construction single-family/multi-family homes as well as targeting the repair/remodel area.
Company History
Our company was founded as Carolina Builders Corporation (CBC) in Raleigh, North Carolina, in 1922. In the 1960s, CBC took an innovative approach in that it began a construction loan program to facilitate home building and to pull through construction materials. CBC grew to include six locations and $125 million in sales. In 1985, Wolseley Plc, a British-based building materials distributor, purchased CBC.
CBC expanded its footprint by acquiring properties in South Carolina and Virginia, increasing sales to $270 million, with 67 locations.
In 1993, Carolina Holdings, Inc., was formed as the holding company for CBC and its acquired properties; revenues were $650 million.
Carolina Holdings grew to acquire over $1 billion in revenues and created the only coast-to-coast footprint in the industry. The name was changed to Stock Building Supply in 2000 to reflect this national presence.
As the housing industry began to slow down in 2001, Stock began a series of reorganizations and internal centralization of various functions. In 2006, Stock focused on diversifying its customer and product offerings with acquisitions, to reduce its dependency on commodity products and new residential construction. Stock’s properties at this time numbered over 300.
In 2008, the virtual cessation of home building in the US prompted Wolseley Plc to sell Carolina Holdings. In May 2009, The Gores Group, LLC, purchased a majority ownership of Stock.
Stock Building Supply Today
The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses that can benefit from the firm’s operating experience and flexible capital. Because of Gores’ business and financial acumen, Stock Building Supply is evolving into a stronger, more innovative supplier in the professional homebuilding industry, offering differentiated products, more efficient services and focused solutions for our customers, and delivering a stronger partnership experience for our vendors.
Stock Building Supply now is a leaner, more focused corporation that is strategically located throughout the United States. We are committed to refocusing our expertise on what we know best – the residential sector of the building industry. We leverage our national presence yet maintain a customized, local market focus to serve our customers’ individual business needs.
Today, Stock Building Supply offers a unique combination of expert and knowledgeable associates coupled with competent and reliable distribution and solutions to deliver the best building materials products and services. Our people combined with our offerings and our renewed focus on our markets, position Stock to build and sustain close customer and vendor partnerships based on integrity and respect. We are backed by the most efficient and consistent systems and business processes to service our customers and partner with our vendors on time, in full and safely every time.
Thank You
We thank you, our customers and vendors, for choosing Stock Building Supply as your preferred supplier and channel to market. With a strong history and a strong future, we commit to serve you for another 100 years!