BuildDirect.com Technologies Inc. (“BuildDirect”) 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.”
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:
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.
BuildDirect is a growing omnichannel building material retailer.
