M&A Deal Summary

American Construction Source Acquires Arrow Building Center

On November 14, 2018, American Construction Source acquired building materials company Arrow Building Center from Aiglon Capital Management and Triangle Capital

Acquisition Highlights
  • This is American Construction Source’s 2nd transaction in the Building Materials sector.
  • This is American Construction Source’s 3rd transaction in the United States.
  • This is American Construction Source’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-11-14
Target Arrow Building Center
Sector Building Materials
Buyer(s) American Construction Source
Sellers(s) Aiglon Capital Management
Triangle Capital
Deal Type Add-on Acquisition

Target

Arrow Building Center

Stillwater, Minnesota, United States
Arrow Building Center is a full service building materials retailer serving Minnesota and Western Wisconsin. Arrow Building Center’s 16 full-service lumberyards, specialty divisions, and new state-of-the-art components manufacturing plant are ready to offer the best quality building products at an affordable price with the personalized, professional service customers have come to expect from Arrow since 1903.

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Buyer(S) 1

Buyer

American Construction Source

Springfield, Missouri, United States
Category Company
Founded 2018
Sector Distribution
DESCRIPTION

American Construction Source is an LBM distributor with 70+ locations in nine states serving the needs of custom home builders, repair & remodel contractors, and DIY consumers. ACS provides lumber and building materials businesses the resources, leverage, and focus to make their ideas happen. American Construction Source was founded in 2018 and is based in Springfield, Missouri.

DEAL STATS #
Overall 3 of 10
Sector (Building Materials) 2 of 9
Type (Add-on Acquisition) 3 of 10
State (Minnesota) 1 of 3
Country (United States) 3 of 10
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Breckenridge Building Center

Breckenridge, Colorado, United States

Breckenridge Building Center is a provider of lumber and building materials products and services. Breckenridge Building Center provide custom home builders, building professionals, and sophisticated DIY customers a comprehensive portfolio of lumber and building materials (LBM) products and services in key Colorado metro markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Arrow Building Center

Albert Lea, Minnesota, United States

Arrow Building Center provides custom home builders, building professionals, and DIY customers a comprehensive portfolio of lumber and building materials (LBM) products, component manufacturing, and specialty services in key Minnesota and Wisconsin markets.

Buy -

Seller(S) 2

SELLER

Aiglon Capital Management

Durham, North Carolina, United States

Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Aiglon Capital Management is a private equity firm focused on lower middle-market investments in the low-tech manufacturing, distribution, and services sectors. Aiglon prefers companies in the Southeast US with revenues of $50 to $150 million and EBITDA of $5 to $15 million. Aiglon Capital Management was formed in 2014 and is headquartered in Durham, North Carolina.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Carter-Waters Construction Materials

Overland Park, Kansas, United States

Carter-Waters Construction Materials is a distributor of construction supply materials. Carter-Waters offers 17 locations across Missouri, Kansas, Illinois, Ohio, Kentucky, & Indiana to serve customers’ construction material and equipment needs. Carter-Waters also maintains an extensive rental inventory of concrete forming and shoring products, operates a custom rebar fabrication facility, manufactures special asphalt product at the Saturock Plant and provides estimating and detailing services for bid lettings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-22 Classic Brands

Denver, Colorado, United States

Classic Brands is a designer, manufacturer, and distributor of bird feeders and related birding products. Classic sells its products in the lawn and garden departments of major retailers, through distribution to niche stores and online. Classic Brands was founded in 2010 and is based in Denver, Colorado.

Buy -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 58 of 71
Sector (Building Materials) 2 of 3
Type (Add-on Acquisition) 28 of 33
State (Minnesota) 1 of 1
Country (United States) 57 of 70
Year (2018) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Cook & Boardman

Winston-Salem, North Carolina, United States

Cook & Boardman offers a broad range of products including metal and wood doors, locks, doorframes, and other related building components for non-residential applications. The Company operates a network of thirty-five locations across eleven states and services its customers nationwide. Cook & Boardman was founded in 1955 and is based in Winston-Salem, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Fatz Cafe

Taylors, South Carolina, United States

Cafe Enterprises operates 43 company-owned full-service casual dining restaurants in North Carolina, South Carolina, Tennessee, Georgia and Virginia. Fatz Cafe is renowned for creating exceptional value for its guests with great food, friendly and efficient service, and a welcoming atmosphere, “Where Everyone’s a Regular”. Cafe Enterprises was founded in 1988 and is based in Taylors, South Carolina.

Sell -
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