BuildDirect Acquires Anchor and Yorkshore Flooring Assets to Accelerate Florida Expansion and Pro Center Growth

BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”), a leading omnichannel building materials retailer, is pleased to announce that it has acquired substantially all of the operational assets of Anchor Flooring and Supply Company LLC (“Anchor”) and Yorkshore Sales and Marketing Inc. (“Yorkshore”), well-established flooring distributors based in Orlando, Florida for US$593,000. Anchor and Yorkshore are entities held by common ownership.

This acquisition marks a strategic step forward in BuildDirect’s plan to expand its Pro Center network across North America, enhancing its reach and ability to serve the professional contractor market in key U.S. regions.

“Acquiring Anchor’s and Yorkshore’s assets strengthens our presence in Florida and aligns with our strategy to grow our Pro Center footprint,” said Shawn Wilson, CEO of BuildDirect. “This addition not only bolsters our distribution capabilities but also builds on our commitment to provide high quality service and product availability to our Pro Customers.”

A Strategic Fit for Pro Center Expansion

Anchor and Yorkshore bring established relationships with local builders and contractors, a well-stocked inventory, and proven operational expertise. For the 12-month period ending December 31, 2024, Anchor and Yorkshore reported consolidated unaudited revenue of US$5.8 million and EBITDA of US$661,000. With its strong reputation in the Florida market, this acquisition aims to provide:

• Increased Market Penetration: A strengthened position in the southeastern U.S., one of the fastest-growing regions for construction and remodeling.
• Enhanced Product Offering: Access to a broader inventory of flooring products to better serve builder and contractor needs.
• Operational Synergies: Opportunities to optimize distribution networks and leverage BuildDirect’s proprietary supply chain model.

“Our Pro Center strategy emphasizes disciplined growth through building and buying new locations to serve our professional customers more effectively,” continued Wilson. “The addition of Anchor’s and Yorkshore’s assets enhances our ability to provide tailored solutions and strengthen relationships with builders, contractors, and designers in key markets.”

Strengthening Our Commitment to Pro Customers

This acquisition reinforces BuildDirect’s ongoing commitment to serving professional customers, a core segment of the $90+ billion retail flooring market. By combining targeted acquisitions with the development of new Pro Center locations, BuildDirect aims to build a scalable platform for growth while positioning itself to expand into adjacent markets.

“Anchor’s and Yorkshore’s assets are a strategic addition to our portfolio, fully aligned with our vision to grow the Pro Center network while maintaining operational excellence,” said Kerry Biggs, CFO of BuildDirect. “We remain committed to executing with financial discipline and pursuing strong, long-term value for our stakeholders.”

“This acquisition not only strengthens our Pro Center footprint, but also enhances our E-Commerce fulfillment capabilities across the U.S. Southeast,” said Jay Allen, COO of BuildDirect. “As we transition out of our final third-party logistics provider in the region, integrating Anchor and Yorkshore’s facility into our network gives us greater control, improved service levels, and operational efficiency for both Pro and E-Commerce customers.”

Transaction Details

BuildDirect has agreed to acquire substantially all of the operational assets of Anchor and Yorkshore for US$593,000 fully funded and paid on close. The acquired assets include US$593,000 in inventory and tangible assets, Anchor’s and Yorkshore’s customer lists and other key operational assets.

The acquisition is an arm’s length transaction under TSX Venture Exchange policies and does not require shareholder approval. No finder’s fees were paid in connection with the transaction.

About BuildDirect

BuildDirect (TSXV: BILD “BuildDirect” or the “Company”) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect’s growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit www.BuildDirect.com.

Source: BuildDirect.com Technologies Inc.