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BlueLinx Holdings Inc. is a wholesale distributor of building and industrial products in the United States. Headquartered in Atlanta, Georgia, Shyam Reddy serves as its President and CEO. BlueLinx was formed in May 2004, when senior management purchased the assets of the distribution division from
Georgia-Pacific Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia (U.S. state), Georgia, and is one of the world's largest manufacturers and distributors of Tissue paper, tissue, Pulp (paper), pulp, paper, toilet and paper towe ...
.
Cerberus Capital Management Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies.Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Qua ...
provided the equity financing and became majority owner. The distribution division of Georgia-Pacific Corporation began operations in 1954 with 13 warehouses used for storage and distribution of
Georgia-Pacific Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia (U.S. state), Georgia, and is one of the world's largest manufacturers and distributors of Tissue paper, tissue, Pulp (paper), pulp, paper, toilet and paper towe ...
plywood. Over the next 40 years, the division grew to over 130 warehouses nationwide, offering a wide range of products. In 1994, the division consolidated its warehouses and created two large sales and operations centers in
Denver, Colorado Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...
and
Atlanta, Georgia Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georg ...
for the purposes of operational efficiency. BlueLinx completed its
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
on December 14, 2004. On October 18, 2017, BlueLinx Holdings Inc.,
Cerberus Capital Management Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies.Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Qua ...
, and BTIG as underwriter, entered into an underwriting agreement. Cerberus sold 3,863,850 shares, or about 49% of the company’s common stock at a price of $7.00 per share. On March 9, 2018, BlueLinx entered into a planned merger agreement to buy Cedar Creek Holdings from Charlesbank Equity. The merger closed on April 13, 2018. The company's operations now consist of a network of over 60 distribution centers located throughout the U.S.


References


External links

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BlueLinx SEC filings
{{Authority control Companies listed on the New York Stock Exchange Wholesalers of the United States Forest products companies of the United States Building materials companies of the United States Companies based in Atlanta 2004 initial public offerings American companies established in 2004 2004 establishments in Georgia (U.S. state) Georgia-Pacific