Benzinga | Jun 29, 2021 07:02AM EDT

Builders FirstSource To Acquire WTS Paradigm, LLC For $450M

Builders FirstSource, Inc. (NASDAQ:BLDR) ("Builders FirstSource"), today announced that it has entered into a definitive agreement to acquire WTS Paradigm, LLC ("Paradigm"), a software solutions and services provider for the building products industry, in a cash transaction valued at approximately $450 million. The acquisition is an important step forward in Builder FirstSource's strategy to invest in innovative digital solutions that will help its customers build more efficiently. Paradigm serves hundreds of customers, including manufacturers, retailers, dealers, homebuilders and remodelers and is expected to generate revenue of approximately $50 million in 2021.