M&A Deal Summary

Clayton Dubilier & Rice Acquires Cornerstone Building

On October 20, 2009, private equity firm Clayton Dubilier & Rice acquired building materials company Cornerstone Building

Acquisition Highlights
  • This is Clayton Dubilier & Rice’s 1st transaction in the Building Materials sector.
  • This is Clayton Dubilier & Rice’s 15th transaction in the United States.
  • This is Clayton Dubilier & Rice’s 2nd transaction in North Carolina.
Investment Fate
  • Cornerstone Building was sold to a financial buyer in 2022 for 5.8B USD.

M&A Deal Summary

Date 2009-10-20
Target Cornerstone Building
Sector Building Materials
Buyer(s) Clayton Dubilier & Rice
Deal Type Recapitalization
Advisor(s) Greenhill & Co., Inc. (Financial)
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

Cornerstone Building

Cary, North Carolina, United States
website
Cornerstone Building is an integrated manufacturer of metal products for the nonresidential building industry. Cornerstone Building was formed in 1984 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Clayton Dubilier & Rice

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 19 of 79
Sector (Building Materials) 1 of 5
Type (Recapitalization) 2 of 3
State (North Carolina) 2 of 4
Country (United States) 15 of 57
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-07 Diversey

Fort Mill, South Carolina, United States

Diversey is a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools, and equipment, with a wide range of technology-based value-added services, food safety services, and water and energy management. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-24 British Car Auctions

Hindhead, United Kingdom

BCA is Europe's vehicle remarketing business, providing physical and electronic vehicle auctions, together with a range of e-commerce activities and other related services. BCA operates out of 40 sites in 11 countries and generates gross auction proceeds of GBP3.3 billion per annum.

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