Builders FirstSource to acquire WTS Paradigm for c.$450m.

Builders FirstSource, a Fortune 500 manufacturer and supplier of building materials, agreed to acquire WTS Paradigm, a software solutions and services provider for the building products industry for c.$450m. The transaction is expected to close in 2021, subject to customary closing conditions and antitrust approvals. Upon closing, Paradigm will operate as an independent subsidiary of Builders FirstSource. “We will continue to be a great partner to all our existing customers. Becoming a part of Builders FirstSource will unlock new opportunities for our employees, introduce us to new customers and allow us to accelerate the adoption and deployment of our software to solve our customers’ complex business problems. I look forward to working with the Builders FirstSource team to enhance homebuilding through digital tools,” Nathan Herbst, Paradigm Founder and CEO.