Financial Advisor
Living Direct, Inc.
M&A Advisory
Has Been Acquired By
Transaction Details
- On October 9, 2015, Build.com, a business unit of British plumbing and heating products retailer and distributor Wolseley plc, completed the acquisition of small appliances and web-only merchant Living Direct Inc.
- Build.com generated annual web sales of $525 million in 2014
- Wolseley acquired Build.com for an undisclosed price in 2011
- Living Direct adds more niche products to Build.com’s portfolio of e-commerce sites, such as FaucetsDirect.com
- The acquisition also helps Build.com compete more effectively against bigger omnichannel hardware and home improvement retailers including The Home Depot and Lowe’s
- Living Direct has an online inventory of 7,000 SKUs, including private-label products
- Stephens Inc. served as Financial Advisor to Living Direct, Inc. in the transaction
About the company
Living Direct, Inc.
Headquartered in Austin, TX, Living Direct operates as an online retailer of specialty appliances and outdoor patio furniture. The Company specializes in consumer appliances, indoor air quality products, and lawn and garden furniture. Living Direct was formerly known as Richlund Ventures. The Company was founded in 1999.
Build.com, Inc.
Headquartered in Chico, CA, Build.com operates as an online home improvement retailer in the United States. The company sells home improvement products with a focus on faucets, plumbing, lighting, hardware, and appliances. Build.com was formerly known as Improvement Direct and changed its name to Build.com in 2010. The Company was founded in 2000 and operates as a subsidiary of Wolseley plc.