M&A Deal Summary

Bain Capital Private Equity Acquires US LBM Holdings

On November 13, 2020, private equity firm Bain Capital Private Equity acquired distribution company US LBM Holdings LLC from Kelso & Company

Acquisition Highlights
  • This is Bain Capital Private Equity’s 10th transaction in the Distribution sector.
  • This is Bain Capital Private Equity’s 102nd transaction in the United States.
  • This is Bain Capital Private Equity’s 4th transaction in Illinois.

M&A Deal Summary

Date 2020-11-13
Target US LBM Holdings LLC
Sector Distribution
Buyer(s) Bain Capital Private Equity
Sellers(s) Kelso & Company
Deal Type Secondary Buyout
Advisor(s) Barclays Investment Bank
PwC Corporate Finance LLC (Financial)
Debevoise & Plimpton LLP
Ernst & Young - Law (Legal)

Target

US LBM Holdings LLC

Buffalo Grove, Illinois, United States
website
US LBM is a distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components, and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. US LBM was founded in 2009 and is based in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 193 of 212
Sector (Distribution) 10 of 10
Type (Secondary Buyout) 47 of 57
State (Illinois) 4 of 4
Country (United States) 102 of 112
Year (2020) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Chindata Group Holdings Limited

Beijing, China

Chindata Group Holdings is an entity that provides carrier-neutral hyper-scale data center solutions in China, India, and Southeast Asia markets. It offers colocation and managed, energy procurement and transmission, infrastructure, and IT and network services. Chindata Group Holdings was founded in 2015 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-14 Guitar Center, Inc.

Westlake Village, California, United States

Guitar Center is a retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment. The Company was formed in 1959 and is headquartered in Westlake Village, California.

Sell -

Seller(S) 1

SELLER

Kelso & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 12.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 43 of 47
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 10 of 12
State (Illinois) 3 of 3
Country (United States) 37 of 40
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Watford Holdings Ltd.

Pembroke, Bermuda

Watford is a global property and casualty insurance and reinsurance company with approximately $1.0 billion in the capital as of June 30, 2020, comprised of $172.6 million of senior notes, $52.4 million of contingently redeemable preference shares, and $776.2 million of common shareholders’ equity, and with operations in Bermuda, the United States and Europe. Watford was founded in 2013 and is headquartered in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Novvia Group

Atlanta, Georgia, United States

Novvia Group is a provider of packaging solutions and customized services with domestic and international customers across myriad industries. Novvia Group is based in Atlanta, Gerogia.

Buy -