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Stock Building Supply Holdings, Inc. Announces Commencement Of Public Offering By Selling Stockholders

Stocks in this article: STCK

RALEIGH, N.C., March 10, 2014 (GLOBE NEWSWIRE) -- Stock Building Supply Holdings, Inc. ("Stock Building Supply") announced today the commencement of a public offering of 6,600,000 shares of its common stock by certain stockholders, including Gores Building Holdings, LLC ("Gores") and members of management, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the "Commission"). Gores will also grant the underwriters a 30-day option to purchase up to an additional 990,000 shares of common stock. Stock Building Supply will not receive any of the proceeds from the sale of the shares of common stock in the offering.

Goldman, Sachs & Co., Barclays and Citigroup are serving as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager, and Stephens Inc. and Wells Fargo Securities, LLC are acting as co-managers. The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 888-603-5847, email: barclaysprospectus@broadridge.com; or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 800-831-9146.

A registration statement relating to these securities has been filed with the Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the registration statement can be accessed through the Commission's website at www.sec.gov . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Stock Building Supply

Stock Building Supply operates in 21 metropolitan areas in 14 states primarily in the South and West regions of the United States (as defined by the U.S. Census Bureau). Today, we serve our customers from 69 strategically located facilities. We offer approximately 39,000 stock keeping units, as well as a broad range of customized products, including lumber and lumber sheet goods, millwork, doors, flooring, windows, structural components, engineered wood products, trusses, wall panels and other exterior products. Our customer base includes production homebuilders, custom homebuilders and remodeling contractors.

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