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Vardis Supports Primesource Building Products & Platinum Equity

Vardis is Proud to Support Platinum Equity & Primesource Building Products in Appointing George Judd as a Chief Executive Officer.

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PrimeSource Building Products, Inc., the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America, announced the appointment of George Judd as CEO.

Mr. Judd will join PrimeSource on Oct. 5. He takes over from Bryan Kelln, a Partner at Platinum Equity who has been serving as PrimeSource's Interim President and CEO. Platinum Equity acquired PrimeSource from ITOCHU Corporation in May.

"George is a growth-oriented CEO and building products industry veteran who is passionate about leading people and serving customers," said Mr. Kelln. "He knows the industry inside out and has a great deal of experience driving profitable growth initiatives. He is the right fit for PrimeSource and with him at the helm, the outlook for the business is brighter than ever."

Mr. Judd was previously President and CEO of BlueLinx Holdings, a publicly-traded $2 billion distributor of building products that was spun out of Georgia-Pacific in 2004. Over his 13 years with BlueLinx, Mr. Judd drove the transition to a standalone public company, led a transformation of the corporate culture and a reorientation of the sales force. He also directed and launched the company's e-commerce strategy and introduced value-added and BlueLinx-branded products. Prior to BlueLinx, Mr. Judd had spent 20 years with Georgia-Pacific.

"I am thrilled to join the PrimeSource team and to work with its employees, customers, vendors and other stakeholders in maximizing the company's potential," said Mr. Judd. "PrimeSource has all the tools it needs to be successful, a strong distribution network, dedicated employees and the financial and operational resources Platinum Equity brings to the table."

With 35 distribution centers throughout the USA and more than 1,100 employees, PrimeSource  is an international distributor of building materials serving residential and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Core products distributed under the nationally known Grip-Rite(R) and Pro-Twist(R) brands include: Nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire. 

Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations, a trademarked strategy the firm calls M&A&O(R), acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals, and other industries. Over the past 19 years, Platinum Equity has completed more than 150 acquisitions.

 

 

 

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