SANFORD, Fla.--(BUSINESS WIRE)--Jul 18, 2012--Blue Wolf Capital Partners, LLC announced that its portfolio company, American Builders Supply, Inc. (“ABS”), the largest independent supplier of doors, windows and trusses to homebuilders in Florida, has named Bill Myrick Chief Executive Officer. Under Blue Wolf's ownership, ABS has consolidated four leading independent competitors in the last 15 months, including Clermont Builders Supply in February of this year.
Chad Barton, Chairman of ABS, said, "Bill is a well-respected executive in our industry and we are looking forward to working with him. His experience and business relationships will prove invaluable as we continue to grow in our core markets in Florida and as we expand into new end markets and geographic territories. Bill will enhance our ability to provide our full suite of products to both existing and new customers."
Michael Ranson, Partner at Blue Wolf, added, "ABS is growing into a major regional supplier of building products. Bill will play an important role in spearheading and managing operations and efficiencies. Through strategic acquisitions and organic growth, ABS is well-positioned to benefit from the rebounding housing market in Florida."
Myrick, 50, has had a 30 year career in the building products industry. Beginning as an entry-level management trainee at 84 Lumber in 1982, he advanced through that organization and ultimately became the COO. He was most recently CEO of Pro Build. Bill stated, “ABS is well positioned to grow into a market leader in the building products industry and I am excited to lead the company through this growth and expansion. We will continue to strengthen the leadership team over the next six months and grow our market share in the Central Florida market and beyond.”
About American Builders Supply
American Builders Supply ( www.americanbuilderssupplyco.com ) is the largest independent supplier of doors and millwork, windows, trusses, wall panels and lumber for residential and commercial builders in Florida. The company services customers throughout North and Central Florida from its Sanford headquarters (outside of Orlando) and from four additional manufacturing and distribution facilities located in Winter Haven, Melbourne, Clermont and Jacksonville. Through its Melbourne and Sanford facilities, ABS also offers custom doors and molding products for specialty homebuilders and retail customers.
About Blue Wolf
Blue Wolf Capital Partners LLC is a private equity firm that invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. For additional information, please visit www.blue-wolf.com.