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.

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 LLP
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 wallboard, suspended ceiling systems, metal framing, and complementary and other products throughout North America. Based in Santa Ana, California, the Company employs more than 3,400 employees and operates more than 170 branches across the United States and Canada. Foundation Building Materials was established 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 20.0B USD
SizeMega
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 $250 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 73
Sector (Distribution) 3 of 3
Type (Going Private) 3 of 3
State (California) 4 of 6
Country (United States) 64 of 72
Year (2020) 2 of 3
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 United PF Holdings

Austin, Texas, United States

United PF Holdings LLC is the largest developer and operator of fitness clubs under the Planet Fitness brand serving approximately 1.1 million members across 168 clubs in 14 states.

Buy -
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