BMC to Acquire TW Perry

December 3rd, 2020 by Editor

Gary Bowman, president and CEO of TW Perry, announced earlier this week that the company has entered into an asset purchase agreement with BMC Stock Holdings, for the latter company to acquire TW Perry. The transaction is subject to the satisfaction or waiver of customary closing conditions and is expected to be completed in December 2020. Until the purchase is finalized, TW Perry, the independent building materials distributor serving Northern Virginia, Maryland, and the greater D.C. area and Raleigh, N.C.’s BMC will continue to operate as separate companies.

The announcement said that, for the foreseeable future, TW Perry will continue to operate under that name, but with the enhanced resources and purchasing power that comes with being part of the BMC family.

Further, the TW Perry team of professionals will continue to continue on, with Bowman and TW Perry’s current management team remaining to oversee day-to-day operations.

“We are very excited about serving you with the combined strengths of TW Perry and BMC, not only through existing TW Perry locations, but also through the local BMC locations. With this acquisition, the BMC/ TW Perry team will be able to better serve a broader range of customers with our expanded footprint and enhanced service capabilities,” Bowman said in the company statement.

Tags: , ,

Leave Comment