Building Products Buyout Acquisitions in 2020
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December 31, 2020
- Buyer
- Arbor Contract Carpet
- Target
- Carpeturn.com
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Arbor Contract Carpet has acquired Carpeturn.com, a web-based multifamily flooring provider with operations in the Southwest. The deal expands Arbor's geographic footprint into additional Southwestern markets and brings Carpeturn's web-based operating system and scheduling platform into Arbor's service offering.
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December 31, 2020
- Buyer
- Clearlake Capital Group, L.P.
- Target
- PriSo Holding Corporation (PrimeSource)
- Seller
- Platinum Equity
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Clearlake Capital Group has completed the acquisition of PriSo Holding Corporation (PrimeSource) from Platinum Equity. PrimeSource is a global distributor of specialty building materials with 34 U.S. distribution centers and over 1,100 employees; Clearlake intends to use the business as a platform for organic growth and add-on acquisitions in the specialty distribution sector.
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December 23, 2020
- Buyer
- US LBM
- Target
- Jennings Builders Supply & Hardware
- Industry
- Building Products
- Location
- North Carolina, United States
- Type
- Buyout
US LBM has agreed to acquire Jennings Builders Supply & Hardware, a four-location building products dealer in western North Carolina. The deal, which US LBM expects to close by year-end, will expand US LBM's footprint in the Carolinas while keeping Jennings' existing leadership in place.
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December 22, 2020
- Buyer
- MI Windows and Doors
- Target
- Sunrise Windows
- Seller
- The Riverside Company
- Industry
- Building Products
- Location
- Michigan, United States
- Type
- Buyout
MI Windows and Doors has acquired Sunrise Windows from The Riverside Company; financial terms were not disclosed. Sunrise, a Temperance, Michigan-based manufacturer of custom vinyl replacement windows founded in 1994, was grown under Riverside (including a 71,000 sq. ft. facility expansion) and will join MI’s portfolio to expand product offering and dealer reach across the U.S.
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December 22, 2020
- Buyer
- Masco Corporation, Delta Faucet Company
- Target
- Kraus
- Industry
- Building Products
- Location
- New York, United States
- Type
- Buyout
Delta Faucet Company, a division of Masco Corporation, has signed a definitive agreement for Masco to acquire the assets of Kraus, an online plumbing-fixture company. Kraus, headquartered in Port Washington, New York and employing about 100 people, will operate as an affiliate of Delta Faucet Company following a closing expected by Q1 2021.
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December 21, 2020
- Buyer
- ProGreen (division of Sprinturf, LLC), Sprinturf, LLC
- Target
- Artificial Artisans
- Seller
- Artificial Artisans, Ken Poole (founder/owner)
- Industry
- Building Products
- Location
- Florida, United States
- Type
- Buyout
ProGreen, a division of Sprinturf, LLC, has acquired Artificial Artisans, a residential and commercial synthetic turf installer based in Orlando, Florida. The acquisition will rebrand Artificial Artisans as ProGreen Central Florida and serve as a strategic hub for ProGreen's expansion in Florida.
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December 18, 2020
- Buyer
- Horizon Forest Products
- Target
- Wood Pro Inc., Custom Wholesale (Custom Wholesale Floors)
- Industry
- Building Products
- Location
- United States
- Type
- Buyout
Horizon Forest Products, a Raleigh-based flooring distributor, announced the acquisition of Wood Pro Inc. (Auburn, Massachusetts) and Custom Wholesale (Jacksonville, Florida). The deal adds ten locations and expands Horizon's geographic footprint into the Southeast U.S., combining showroom and wholesale flooring operations to grow market coverage and customer reach.
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December 18, 2020
- Buyer
- Bain Capital Private Equity
- Target
- US LBM
- Seller
- Kelso & Company
- Industry
- Building Products
- Location
- Illinois, United States
- Type
- Buyout
Bain Capital Private Equity agreed to acquire a majority stake in US LBM from Kelso & Company, with the transaction announced in November 2020 and completed in December 2020. The deal positions Bain to further scale US LBM’s national building-materials distribution platform and accelerate its acquisition-driven growth.
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December 17, 2020
- Buyer
- Metrie
- Target
- Pacific MDF Products Inc., Canadian MDF Products Company
- Industry
- Building Products
- Location
- California, United States
- Type
- Buyout
Metrie, a Vancouver-based manufacturer and distributor of interior millwork, has acquired Pacific MDF Products Inc. (Rocklin, CA) and Canadian MDF Products Company (Edmonton, AB), collectively known as Pac Trim. The deal expands Metrie’s MDF manufacturing footprint into California and strengthens its production and distribution capabilities across Western Canada and the U.S. West/Pacific Northwest.
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December 16, 2020
- Buyer
- Uniprop Corporation, Seneca Partners
- Target
- Michigan Chandelier, Inc.
- Seller
- Ed Berne, Judy Berne
- Industry
- Building Products
- Location
- Michigan, United States
- Type
- Buyout
Uniprop Corporation (a family office) and Seneca Partners (an independent sponsor) acquired Michigan Chandelier, Inc., a 100+-year-old lighting fixtures and electrical supplies retailer and distributor headquartered in Southfield, Michigan. The sellers, majority owners Ed and Judy Berne, are exiting to retire; Ken Sanders (President and minority owner) will remain to assist the ownership transition. Calder Capital served as lead advisor on the transaction.
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December 14, 2020
- Buyer
- Trachte Building Systems, Inc.
- Target
- Roof Mart LLC
- Industry
- Building Products
- Location
- Alabama, United States
- Type
- Buyout
Trachte Building Systems, an employee-owned manufacturer of pre-engineered steel structures based in Sun Prairie, Wisconsin, has acquired Roof Mart LLC, a Vernon, Alabama-based designer and manufacturer of metal roofing systems and wall panels. The acquisition gives Trachte a manufacturing facility in the Southeastern U.S., expands its fabrication capabilities, and broadens its access to new customers and end markets.
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December 7, 2020
- Buyer
- Installed Building Products, Inc.
- Target
- Custom Glass & Doors, Inc.
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Buyout
Installed Building Products, Inc. (NYSE: IBP) has acquired Custom Glass & Doors, Inc. (CGD), a Norcross, Georgia-based installer of glass, shower, shelving and mirror services. CGD (founded 1986) generates approximately $7.1 million of annual revenue and the deal expands IBP's complementary installation capabilities in the greater Atlanta market.
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December 4, 2020
- Buyer
- Polycor Inc.
- Target
- North Carolina Granite Corporation
- Industry
- Building Products
- Location
- North Carolina, United States
- Type
- Buyout
Polycor Inc., the world's largest natural stone quarrier, has agreed to acquire North Carolina Granite Corporation (NCGC), a leading quarrier and producer of White Mount Airy Granite based in Mount Airy, North Carolina. The deal — expected to close before the end of 2020 and subject to closing conditions — expands Polycor's geographic footprint and product portfolio; NCGC operates since 1889 with roughly 80 employees.
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December 3, 2020
- Buyer
- Specialty Product Hardware Ltd.
- Target
- Ontario Commercial Doors Ltd.
- Seller
- Charles Malone
- Industry
- Building Products
- Location
- Ontario, Canada
- Type
- Buyout
Specialty Product Hardware Ltd. (SPH) has acquired Ontario Commercial Doors Ltd., a Toronto-based manufacturer and supplier of industrial and commercial doors. The deal — terms undisclosed — expands SPH's supply, distribution and commercial door offerings across Ontario and follows the retirement of Ontario Commercial Doors' founder Charles Malone.
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December 1, 2020
- Buyer
- SPS Companies Inc.
- Target
- US Wholesale Pipe & Tube Inc.
- Seller
- Ed Rachel, US Wholesale Pipe & Tube Inc.
- Industry
- Building Products
- Location
- Florida, United States
- Type
- Buyout
SPS Companies Inc. has acquired the assets of US Wholesale Pipe & Tube Inc., a Holiday, Florida-based distributor and manufacturer of galvanized mechanical steel pipe and tube products. The seller/owner Ed Rachel is stepping aside while the target's executive management (led by JR Baker and Rob Posavec) will remain; SPS said the deal expands its Tubular Products Group and distribution/manufacturing capabilities across five U.S. locations.
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November 30, 2020
- Buyer
- Affiliate of Paceline Equity Partners, LLC
- Target
- Quick Fitting, Inc.
- Industry
- Building Products
- Location
- Rhode Island, United States
- Type
- Buyout
An affiliate of Paceline Equity Partners, a Dallas-based private equity manager, was the successful bidder to acquire substantially all assets of Quick Fitting, Inc. as part of a receivership process, with closing anticipated on December 16, 2020. Quick Fitting, headquartered near Providence, Rhode Island, manufactures push-to-connect fittings used across plumbing, electrical, HVAC and fire suppression end markets; Paceline plans to continue operating the business in Rhode Island and support its growth.
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- Buyer
- Black Diamond Group, BOXX Modular US (U.S. subsidiary of Black Diamond Group)
- Target
- Vanguard Modular Building Systems
- Industry
- Building Products
- Location
- Pennsylvania, United States
- Type
- Buyout
Black Diamond Group, through its U.S. subsidiary BOXX Modular, acquired Vanguard Modular Building Systems on November 30, 2020. The deal expands BOXX Modular's footprint across the eastern United States and strengthens Black Diamond's Modular Space Solutions segment by adding Vanguard's lease, sales and financing capabilities.
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November 24, 2020
- Buyer
- SouthernCarlson, Inc., Kyocera Corporation
- Target
- Manor Hardware, Inc.
- Industry
- Building Products
- Location
- Washington, United States
- Type
- Buyout
SouthernCarlson, a subsidiary of Kyocera Corporation, has acquired Seattle-area Manor Hardware, a family-owned construction supply and tool repair business with locations in Everett, Tacoma and Lynnwood, Washington. The acquisition expands SouthernCarlson's multi-family supply and service capabilities and establishes a presence in the Pacific Northwest; terms were not disclosed.
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November 24, 2020
- Buyer
- Clearlake Capital Group, L.P.
- Target
- TKE Holdings, Inc. (dba Dimora Brands), Dimora Brands
- Seller
- The Jordan Company, L.P., Affiliates of The Jordan Company
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Clearlake Capital Group has signed a definitive agreement to acquire TKE Holdings, Inc. (dba Dimora Brands) from affiliates of The Jordan Company. Dimora Brands, a Dallas-based designer, manufacturer and seller of high-end cabinet and door hardware, faucets and home accessories led by CEO Greg Gottlieb, will continue to be led by its existing management team; financial terms were not disclosed and the deal was expected to close in December 2020.
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November 20, 2020
- Buyer
- UMAX Group Corp.
- Target
- Home Foam Corporation
- Industry
- Building Products
- Location
- Nevada, United States
- Type
- Buyout
UMAX Group Corp., an OTC-listed Nevada corporation, has acquired Home Foam Corporation, a Las Vegas-based custom manufacturer of expanded polystyrene (EPS) architectural products, packaging inserts and geo-foam. The acquisition was completed via an equity exchange making Home Foam a wholly owned subsidiary; Home Foam operates a 12,500 sq. ft. facility with nine full-time employees and services regional commercial and home-building clients.
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November 20, 2020
- Buyer
- Great Day Improvements, LLC
- Target
- Apex Energy Solutions
- Industry
- Building Products
- Location
- Indiana, United States
- Type
- Buyout
Great Day Improvements, a vertically integrated home improvement company, has acquired Apex Energy Solutions, a direct-to-consumer provider of energy-efficient replacement windows and patio doors. The acquisition expands Great Day's product capabilities and geographic footprint across the U.S., adding Apex's network of company-owned and franchised locations and its proprietary sales and installation platform.
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November 17, 2020
- Buyer
- Fortune Brands Home & Security, Inc.
- Target
- LARSON Manufacturing
- Industry
- Building Products
- Location
- South Dakota, United States
- Type
- Buyout
Fortune Brands Home & Security, Inc. agreed to acquire LARSON Manufacturing for approximately $660 million, adding the North American storm, screen and security door leader to its newly renamed Outdoors & Security segment. LARSON, headquartered in Brookings, South Dakota, with roughly $390 million in revenue and about 1,200 employees, expands Fortune Brands' outdoor living and door product portfolio and is expected to be immediately accretive to earnings.
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November 16, 2020
- Buyer
- Installed Building Products, Inc.
- Target
- WeatherSeal Insulation Co., LLC
- Industry
- Building Products
- Location
- Virginia, United States
- Type
- Buyout
Installed Building Products, Inc. (NYSE: IBP) has acquired WeatherSeal Insulation Co., LLC, a Charlottesville, Virginia-based provider of fiberglass and spray foam insulation for residential customers. The acquisition (approximately $6.4 million of annual revenue) expands IBP's presence in Virginia and adds to its ongoing roll-up strategy of insulation and complementary building-product installers.
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November 3, 2020
- Buyer
- TorQuest Partners, Caisse de dépôt et placement du Québec
- Target
- Barrette Outdoor Living Inc.
- Seller
- Les Entreprises Barrette Ltée
- Industry
- Building Products
- Location
- Ohio, United States
- Type
- Buyout
TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) announced a majority investment in Barrette Outdoor Living Inc., North America’s leading manufacturer of vinyl, aluminum and steel fence and railing, composite decking, and other outdoor products. Les Entreprises Barrette Ltée will retain a significant minority stake and the company's management team, led by CEO Jean desAutels, will remain in place; terms were not disclosed. The investors said the capital will support the company’s next phase of growth and geographic expansion across North America.
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October 23, 2020
- Buyer
- The Bukas Lighting Group
- Target
- SPI Lighting, Inc.
- Seller
- Doerr family
- Industry
- Building Products
- Location
- Wisconsin, United States
- Type
- Buyout
The Bukas Lighting Group, a St. Charles, Illinois–based holding company focused on lighting brands, has acquired SPI Lighting, Inc., a designer and manufacturer of commercial and architectural LED lighting based in Mequon, Wisconsin. The seller was the Doerr family; the acquisition expands BLG's portfolio of architectural lighting brands and preserves SPI's independent brand and manufacturing operations.
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October 22, 2020
- Buyer
- Atkore International Group Inc.
- Target
- Queen City Plastics, Inc.
- Seller
- Queen City Plastics, Inc.
- Industry
- Building Products
- Location
- South Carolina, United States
- Type
- Buyout
Atkore International Group Inc. acquired the assets of Queen City Plastics, Inc., a Fort Mill, South Carolina-based manufacturer of PVC conduit, elbows and fittings for the electrical market. The acquisition expands Atkore's product portfolio and strengthens its ability to serve customers in the Southeast and mid-Atlantic U.S.; terms were not disclosed.
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October 21, 2020
- Buyer
- Innovative Chemical Products (ICP Group)
- Target
- Leeson Polyurethanes
- Industry
- Building Products
- Location
- United Kingdom
- Type
- Buyout
Innovative Chemical Products (ICP Group) has acquired Leeson Polyurethanes, a U.K.-based manufacturer of polyurethane adhesives and coatings. ICP will incorporate Leeson's product portfolio into its ICP Building Solutions Group to broaden its professional building-product offerings and extend its reach across Europe and globally.
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October 16, 2020
- Buyer
- Patrimonium Private Equity Advisors AG
- Target
- ROTH GRUPPE AG
- Seller
- Funds advised by Equistone Partners Europe
- Industry
- Building Products
- Location
- Solothurn, Switzerland
- Type
- Buyout
A fund advised by Patrimonium Private Equity Advisors AG has acquired a majority stake in ROTH GRUPPE AG from funds advised by Equistone Partners Europe; financial terms were not disclosed. ROTH GRUPPE, based in Gerlafingen, Switzerland, is a specialist provider of passive fire protection, technical insulation and coating solutions with c.450 employees; Patrimonium said it will pursue synergies and long-term growth while keeping the company's operational structure unchanged.
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October 13, 2020
- Buyer
- Installed Building Products, Inc.
- Target
- Insulation Contractors/Magellan Insulation (Icon)
- Industry
- Building Products
- Location
- Washington, United States
- Type
- Buyout
Installed Building Products, Inc. (NYSE: IBP) has acquired Insulation Contractors/Magellan Insulation (known locally as Icon), a Kent, Washington-based installer of insulation, waterproofing and firestopping serving commercial and multi-family customers across Washington and Oregon. Icon brings approximately $26 million of annual revenue and expands IBP's presence in the Pacific Northwest commercial and multi-family markets.
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October 13, 2020
- Buyer
- Elvisridge Capital, LLC
- Target
- Reliance Supply Company USA, LLC (SurfaceLogix)
- Industry
- Building Products
- Location
- Florida, United States
- Type
- Buyout
Elvisridge Capital, a private investment firm based in Beachwood, Ohio, has acquired Reliance Supply Company USA, LLC, which operates under the SurfaceLogix brand. Elvisridge said it will support SurfaceLogix’s growth by expanding distribution and adding complementary products while keeping current management in place.
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October 12, 2020
- Buyer
- Henry Company
- Target
- National Coatings Corporation
- Industry
- Building Products
- Location
- California, United States
- Type
- Buyout
Henry Company, a leader in building envelope systems, has agreed to acquire National Coatings Corporation, a Camarillo, California-based manufacturer of acrylic elastomeric commercial roof coating systems. The acquisition expands Henry’s roof restoration product portfolio (adding AcryShield, AcryPly and RenuWall) and strengthens its position in commercial roof restoration and energy-efficient weatherproofing across the U.S.
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October 12, 2020
- Buyer
- Arcosa, Inc.
- Target
- Strata Materials
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Arcosa, Inc. acquired Strata Materials for approximately $87 million to expand its aggregates footprint in the Dallas–Fort Worth region. Strata operates five recycled-aggregates locations and one natural-aggregates plant, produced more than 2 million tons over the prior 12 months, and had trailing 12-month Adjusted EBITDA of about $10.2 million (~8.5x).
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October 12, 2020
- Buyer
- Elite Lighting, GE Current, a Daintree company
- Target
- Edison Price Lighting
- Seller
- Edison Price Lighting
- Industry
- Building Products
- Location
- New York, United States
- Type
- Buyout
California-based Elite Lighting won a bankruptcy auction to purchase the assets of Edison Price Lighting after outbidding GE Current (a Daintree company) with a $4.15 million bid. The purchase—subject to court approval—transfers the historic Edison Price brand and product assets to Elite, enabling Elite to expand its architectural and track-lighting portfolio.
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- Buyer
- Centerbridge Partners, L.P.
- Target
- American Bath Group, LLC
- Seller
- Affiliates of Lone Star Funds
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Centerbridge Partners, a private investment firm, agreed to acquire American Bath Group from affiliates of Lone Star Funds, with ABG management retaining a significant ownership stake. The deal (expected to close in Q4 2020) positions Centerbridge to support ABG's growth through continued investment in product offerings, channel expansion, and strategic initiatives.
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October 7, 2020
- Buyer
- H.I.G. Capital
- Target
- Hart & Cooley, LLC
- Seller
- Johnson Controls International plc
- Industry
- Building Products
- Location
- Michigan, United States
- Type
- Buyout
H.I.G. Capital, through an affiliate, acquired Hart & Cooley, LLC from Johnson Controls International plc in October 2020. The private equity buyer will operate Hart & Cooley as a standalone company alongside current management to pursue growth, innovation and operational improvements across its HVAC and air-distribution manufacturing footprint.
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October 1, 2020
- Buyer
- TopBuild Corp.
- Target
- Garland Insulating
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
TopBuild Corp. (TruTeam) acquired Garland Insulating, a large family-owned insulation installer operating across Texas and Colorado, for an undisclosed amount. The acquisition expands TopBuild’s TruTeam footprint in Texas and brings Garland’s leadership team into TruTeam as TopBuild integrates Garland onto its ERP and supply chain platforms.
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September 30, 2020
- Buyer
- 1847 Holdings LLC
- Target
- Kyle's Custom Wood Shop, Inc.
- Industry
- Building Products
- Location
- Idaho, United States
- Type
- Buyout
1847 Holdings LLC has acquired Kyle's Custom Wood Shop, a Boise-based custom cabinetry maker, in a deal that closed September 30, 2020. The acquisition brings a profitable, regional cabinetry manufacturer into 1847's publicly traded holding-company portfolio to support regional expansion, capacity investments, and product-line/channel growth.
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September 30, 2020
- Buyer
- Atlas Holdings
- Target
- Permasteelisa Group
- Industry
- Building Products
- Location
- Treviso, Italy
- Type
- Buyout
Atlas Holdings has completed its acquisition of Permasteelisa Group, a global leader in the engineering, manufacturing, installation and after-sales service of advanced building façades and architectural envelopes. Permasteelisa operates in 30 countries with nine production facilities and employs more than 4,500 associates; Atlas said the purchase expands its construction and manufacturing capabilities and will support Permasteelisa's long-term growth.
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September 28, 2020
- Buyer
- Patrick Industries, Inc.
- Target
- Front Range Stone, Inc.
- Industry
- Building Products
- Location
- Colorado, United States
- Type
- Buyout
Patrick Industries (NASDAQ: PATK) completed the acquisition of Englewood, Colorado-based Front Range Stone, a fabricator and installer of natural stone, quartz, solid surface, and laminate countertops. Front Range generated approximately $30 million of revenue in 2019 and will continue to operate under its existing brand and facilities as part of Patrick's effort to expand its countertop presence and geographic reach in the Great Plains and western housing markets.
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September 8, 2020
- Buyer
- The Courtney Group, Incorporated, Lake Country Capital
- Target
- Peninsulators Inc., Peninsulators Northwest, A Shade Above
- Industry
- Building Products
- Location
- California, United States
- Type
- Buyout
An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. and its affiliates Peninsulators Northwest and A Shade Above. Lake Country Capital participated in the transaction; founders Ross Haisley and John Thomas retain ownership stakes and will continue in management roles as the company pursues geographic expansion and strategic growth initiatives.
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September 1, 2020
- Buyer
- Ironbridge Equity Partners, GNI management team
- Target
- GNI Management Group Inc. (Great Northern Insulation)
- Seller
- Mill Street & Co.
- Industry
- Building Products
- Location
- Ontario, Canada
- Type
- Buyout
Ironbridge Equity Partners, together with GNI's management team, has acquired a controlling interest in GNI Management Group Inc. (Great Northern Insulation) from Mill Street & Co., which will retain a minority stake. GNI, headquartered in Woodstock, Ontario, operates eight locations with approximately 300 employees and provides insulation, air sealing, fireproofing, cladding, and building diagnostic services across residential, commercial and industrial markets.
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August 31, 2020
- Buyer
- Installed Building Products, Inc.
- Target
- Storm Master Gutters
- Industry
- Building Products
- Location
- New Jersey, United States
- Type
- Buyout
Installed Building Products, Inc. (IBP) has acquired Storm Master Gutters, a Cherry Hill, New Jersey-based provider of gutter installation services. The acquisition (Storm Master has ~ $20M in annual revenue) expands IBP's footprint across the Northeast, Mid-Atlantic and Southeastern U.S. and adds complementary residential and multi-family capabilities.
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- Buyer
- Strategic Value Partners, LLC (SVPGlobal)
- Target
- OmniMax International
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Buyout
Strategic Value Partners (SVPGlobal) has entered into a definitive agreement to acquire OmniMax International, a leading U.S. manufacturer of residential roof drainage systems and building products. SVPGlobal will recapitalize OmniMax and operate it as a portfolio company to support market expansion, product development and continued growth.
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- Buyer
- Clayton, Dubilier & Rice (CD&R), The Sterling Group
- Target
- White Cap (HD Supply's Construction & Industrial business), Construction Supply Group (CSG)
- Seller
- HD Supply Holdings, Inc.
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Buyout
Clayton, Dubilier & Rice (CD&R) will acquire HD Supply’s Construction & Industrial business (White Cap) and combine it with Construction Supply Group (CSG), creating a leading North American distributor of concrete accessories and specialty construction products in a transaction valued at about $4 billion. CD&R funds will hold a 65% stake in the combined company while current CSG shareholders, led by The Sterling Group, will retain a 35% interest; the deal is subject to customary regulatory approvals.
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August 3, 2020
- Buyer
- US LBM Holdings, LLC
- Target
- Maner Builders Supply
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Buyout
US LBM Holdings, LLC has acquired Maner Builders Supply, a multi-location building products dealer with locations in Augusta, Georgia and Aiken and Charleston, South Carolina. The acquisition expands US LBM's footprint in the Southeast (bringing its network to 22 locations in the Carolinas and Georgia); Frank Chandler will remain with Maner as president.
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August 3, 2020
- Buyer
- Patrick Industries, Inc.
- Target
- Inland Plywood Company
- Seller
- Co-owners Tim MacEachern and Steve MacEachern
- Industry
- Building Products
- Location
- Michigan, United States
- Type
- Buyout
Patrick Industries, Inc. has acquired Inland Plywood Company, a family-owned supplier, laminator, and wholesale distributor of plywood and specialty panels headquartered in Pontiac, Michigan. The acquisition expands Patrick's building-products and distribution capabilities in the marine, RV, and industrial markets and will support Inland's growth and broader geographic reach.
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July 27, 2020
- Buyer
- Southwire Company, LLC
- Target
- Madison Electric Products LLC
- Industry
- Building Products
- Location
- Ohio, United States
- Type
- Buyout
Southwire Company, LLC has acquired Madison Electric Products LLC, a Solon, Ohio-based manufacturer of electrical components and accessories. The acquisition adds Madison's product lines, brands and innovation pipeline to Southwire's Tools, Components and Assembled Solutions business and brings 34 employees along with facilities in Solon, OH and Duluth, GA.
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July 3, 2020
- Buyer
- Meridian Adhesives Group
- Target
- E-Chem
- Industry
- Building Products
- Location
- New Mexico, United States
- Type
- Buyout
Meridian Adhesives Group has acquired E-Chem, a New Mexico-based designer and manufacturer of epoxy polymer products for concrete. E-Chem will join Meridian’s Infrastructure Division to expand Meridian’s presence in the infrastructure and concrete rehabilitation markets and leverage Meridian’s distributor network and resources to accelerate product development and market penetration.
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- Buyer
- Nimbus, MidCap Financial
- Target
- Customade Group
- Seller
- Customade Group's administrators
- Industry
- Building Products
- Location
- United Kingdom
- Type
- Buyout
Nimbus, together with financing partner MidCap Financial, has agreed to buy the majority of the Customade Group out of administration, forming a new group that includes Virtuoso Doors, Norwich PVCu, Stonehouse PVCu, Real Aluminium, Atlas, Fineline Aluminium and Stevenswood. The transaction preserves over 800 jobs and positions the business for recovery and future growth under a new management team led by CEO David Leng.
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- Buyer
- Installed Building Products, Inc.
- Target
- Nationwide Gutter, LLC
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Buyout
Installed Building Products, Inc. (IBP) acquired Nationwide Gutter, LLC, a gutter installation and repair specialist headquartered near Dallas, Texas. The acquisition (approximately $5.2 million of annual revenue) expands IBP’s presence in multifamily and commercial markets across Texas and surrounding states.
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