BMHC Emerges from Chapter 11 and Rebrands Itself

January 11th, 2010 by Editor

Building Materials Holding Corp. (BMHC), provider of building materials and construction services to professional home builders and contractors, announced it has completed its financial restructuring and successfully emerged from Chapter 11. The secured lenders of BMHC have converted debt into equity and are now the owners of the reorganized privately held company and its operating entities BMC West Corp. and SelectBuild Construction Inc.

“Our new name, BMC SELECT, celebrates our new beginning and leverages the important legacies and brand equity associated with BMC West and SelectBuild. We are the only company that consolidates construction services and building materials, and having one name, one company, and one brand going forward underscores this advantage,” states a company press release.

In addition, the company has moved its corporate headquarters from San Francisco back to Boise, Idaho — the original home of BMC West — and will unify its operating brands as BMC SELECT™.

“Like every business associated with residential housing and construction, our company has faced unprecedented challenges during the last few years,” says BMC SELECT’s new chief executive officer Paul Street. “However, we’ve emerged quickly with a stronger balance sheet, enhanced liquidity, and a streamlined cost structure. And we’re not just leaner, but greener, as well, with a deeper understanding of emerging trends like sustainable building and smart growth.”

A new executive management team comprised of company veterans will lead BMC SELECT forward with the help of a new independent board of directors that the company says brings valuable expertise in areas including building products, construction, real estate, finance, operations, and corporate turnarounds.

Leave Comment