Vancouver-headquartered BuildDirect has acquired Michigan-based full-service flooring retailer, Superb Flooring & Design for USD $10 million.
BuildDirect (TSXV: BILD) is an innovative technology platform for purchasing and selling building materials online.
Superb is an established brand name serving Pro builder customers – home builders, condominium developers, commercial and residential contractors, interior designers, architects, and multi-family property managers – across the U.S. mid-West.
Superb’s focus on exceptional customer service and over 50 years of collective experience provides BuildDirect with the opportunity to capture additional market share and on-the-ground expertise in serving the Pro customer.
Leveraging the synergies available through BuildDirect’s digital and supply chain capabilities will advance Superb’s ability to serve its existing Pro customers and provides the potential to grow our combined market share in Michigan and the surrounding area.
“Uniting with Superb will enable BuildDirect to meet more customers where they are, helping them to adapt to a new home improvement digital era through our innovative digital platform and supply chain network,” said Dan Park, CEO of BuildDirect. “We’re confident in our strategy to leverage our digital and delivery platform, and becoming a true innovator in the space.”
Superb generated revenue of over USD $18 million last year and greater than $2 million in EBITDA.
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