Davis Polk advised Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Global Markets Inc. as joint book-running managers and representatives of the underwriters in connection with the $112.7 million initial public offering of 8,050,000 shares of common stock of Stock Building Supply Holdings, Inc., of which 4,411,765 shares were issued and sold by the Company and 3,638,235 shares were sold by the selling stockholders (including 1,050,000 shares from the full exercise of the underwriters’ over-allotment option). The common stock is listed on the Nasdaq Global Select Market under the symbol “STCK.”
Based in Raleigh, North Carolina, Stock Building Supply is a large, diversified lumber and building materials distributor and solutions provider that sells to new construction and repair and remodel contractors. Stock’s primary products are lumber & lumber sheet goods, millwork, doors, flooring, windows, structural components, such as engineered wood products, trusses, wall panels and other exterior products. Stock offers over 39,000 products sourced through a strategic network of suppliers, which together with Stock’s various solution-based services, represent approximately 50% of the construction cost of a typical new home.
The Davis Polk corporate team included partner Michael Kaplan, counsel Jeff Ramsay and associates Liang Dong and Michael R. Newton. The tax team included partner Michael Farber and associate Avinash Venkatesh. The environmental team included counsel Betty Moy Huber and associate Kevin J. Klesh. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York office.