ProSource, LLC

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ProSource, LLC - overview

Established

1996

Location

Greenville, SC, US

Primary Industry

Retail

About

ProSource, LLC is a supplier specializing in home improvement products, including bathroom and kitchen fixtures, lighting solutions, and hardware accessories, catering to both residential and commercial clients. Founded in 1996 and headquartered in Greenville, US, ProSource, LLC focuses on home improvement solutions. The company was acquired by Blue Sea Capital from CID Capital in September 2022, marking a strategic shift in ownership. Drew Roberts serves as CEO, leading the firm's direction since its inception.


ProSource has completed 2 deals over its history, with the most recent deal occurring on September 26, 2022. ProSource Supply specializes in providing an extensive range of products designed for home improvement and renovation projects, focusing primarily on bathroom and kitchen fixtures, lighting solutions, and hardware accessories. Their core offerings include bathroom fixtures such as sinks, toilets, and vanities; kitchen fixtures which encompass faucets and cabinetry; and a variety of lighting options for both indoor and outdoor settings. These products are developed to meet the needs of homeowners, contractors, and businesses seeking quality materials for construction and remodeling.


ProSource Supply serves a broad client base across several geographical markets, including the Southeastern United States, with locations in cities such as Anderson, Asheville, and Charlotte. The company's emphasis on high-quality materials and design versatility positions it as a go-to supplier for both residential and commercial clients looking to enhance their spaces. The revenue structure of ProSource Supply is primarily driven by direct sales of its various products to both business and individual clients. The company operates on a B2B and B2C model, allowing it to cater to contractors, retail partners, and end consumers.


Transactions typically involve wholesale purchases from contractors and distributors, alongside direct sales to consumers visiting their physical store locations. ProSource Supply's pricing strategy is designed to accommodate a range of clients, providing competitive pricing on flagship products that include signature bathroom and kitchen fixtures. The business model fosters ongoing relationships with clients through repeat purchases, particularly in renovation and construction projects, reinforcing customer loyalty and driving consistent revenue streams. Following the acquisition by Blue Sea Capital in September 2022, ProSource, LLC aims to continue its organic growth and expand geographically throughout the Southeast.


The funding will support the completion of complementary acquisitions while focusing on enhancing its product offerings. Specific new products are being designed to further meet market demands, although no release dates have been disclosed. The strategic plans include targeting additional markets to strengthen their presence and customer base.


Current Investors

CID Capital

Primary Industry

Retail

Sub Industries

Home Improvement & DIY, Electrical, Plumbing & Hardware Distributors

Website

www.prosourcesupply.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

ProSource, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedProSource, LLC-
GrowthCompletedProSource, LLC-

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