M&A Deal Summary

American Securities Acquires Foundation Building Materials

On November 15, 2020, private equity firm American Securities acquired distribution company Foundation Building Materials for 1.4B USD

Acquisition Highlights
  • This is American Securities’ 3rd transaction in the Distribution sector.
  • This is American Securities’ 4th largest (disclosed) transaction.
  • This is American Securities’ 64th transaction in the United States.
  • This is American Securities’ 4th transaction in California.
Investment Fate
  • Foundation Building Materials was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2020-11-15
Target Foundation Building Materials
Sector Distribution
Buyer(s) American Securities
Deal Type Going Private
Deal Value 1.4B USD
Advisor(s) RBC Capital Markets (Financial)
Gibson, Dunn & Crutcher
Davies Ward Phillips & Vineberg LLP (Legal)

Target

Foundation Building Materials

Santa Ana, California, United States
website
Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 65 of 80
Sector (Distribution) 3 of 5
Type (Going Private) 3 of 3
State (California) 4 of 7
Country (United States) 64 of 79
Year (2020) 2 of 3
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Mortgage Contracting Services

Lewisville, Texas, United States

Mortgage Contracting Services (MCS) provides critical specialized services for mortgage servicers and originators across the mortgage lifecycle. The company provides field services such as inspections and property preservation for mortgages in default and real estate owned properties. Mortgage Contracting Services was founded in 1986 and is based in Lewisville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Beacon - Interior Products Business

Herndon, Virginia, United States

Beacon's Interior Products Business consists of 81 branch locations where it distributes construction products including wallboard, acoustical ceilings, steel framing, and insulation to both residential and commercial contractors

Buy $850M
Mergr

Product

Company

Legal