BuildDirect.com Technologies Inc. company announced a $593,000 acquisition of Orlando-based Anchor Flooring and Supply Company LLC and Yorkshore Sales and Marketing Inc., two established distributors under common ownership with deep roots in Florida's contractor community. This move signals BuildDirect's conviction that the future of building materials retail requires both digital prowess and boots on the ground.

The acquisition provides BuildDirect with established relationships with local builders and contractors in one of the country's fastest-growing regions for construction and remodeling. For the 12-month period ending December 31, 2024, the acquired companies reported consolidated unaudited revenue of $5.8 million and EBITDA of $661,000.

"Acquiring Anchor's and Yorkshore's assets strengthens our presence in Florida and aligns with our strategy to grow our Pro Center footprint," said BuildDirect CEO Shawn Wilson. "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."

According to Jay Allen, BuildDirect's COO, the acquisition serves dual purposes: "This acquisition not only strengthens our Pro Center footprint but also enhances our e-commerce fulfillment capabilities across the U.S. Southeast. 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."

The transaction, fully funded and paid on close, includes $593,000 in inventory and tangible assets, along with customer lists and other key operational assets. BuildDirect confirmed that no finder's fees were paid in connection with the transaction.

BuildDirect has been expanding its network of Pro Centers—strategic distribution hubs designed specifically to serve professional contractors and trades— through both organic growth and strategic acquisitions. This latest purchase reinforces the company's focus on the professional contractor segment of the $90+ billion retail flooring market.

Kerry Biggs, CFO of BuildDirect, emphasized the financial strategy behind the move: "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. We remain committed to executing with financial discipline and pursuing strong, long-term value for our stakeholders."

The acquisition comes as competition intensifies in the fragmented $25 billion hard surface flooring market. Industry heavyweight Floor & Decor, with its massive 76,000-square-foot warehouse stores, has rapidly expanded its footprint and currently commands approximately 10% market share. Meanwhile, LL Flooring (formerly Lumber Liquidators) has struggled to compete with its smaller 7,500-square-foot stores and limited in-stock inventory. Home improvement giants Home Depot and Lowe's remain formidable competitors but dedicate relatively limited floor space to flooring products. Another player, ProSource Wholesale—a division of CCA Global Partners with over 145 locations—operates on a different model. Its showrooms are members-only, exclusively for trade professionals like contractors and designers.

BuildDirect's hybrid approach—combining e-commerce with strategically placed Pro Centers—represents a distinctive strategy in an increasingly competitive landscape.