M&A Deal Summary

CD&R Acquires Cornerstone Building Brands

On October 20, 2009, private equity firm CD&R acquired building materials company Cornerstone Building Brands

Acquisition Highlights
  • This is CD&R’s 1st transaction in the Building Materials sector.
  • This is CD&R’s 15th transaction in the United States.
  • This is CD&R’s 2nd transaction in North Carolina.
Investment Fate
  • Cornerstone Building Brands went public in 2013.
  • Cornerstone Building Brands was sold to a financial buyer in 2022 for 5.8B USD.

M&A Deal Summary
Date 2009-10-20
Target Cornerstone Building Brands
Sector Building Materials
Buyer(s) CD&R
Deal Type Recapitalization
Advisor(s) Greenhill & Co., Inc. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Cornerstone Building Brands

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

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
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 92
Sector (Building Materials) 1 of 5
Type (Recapitalization) 2 of 3
State (North Carolina) 2 of 6
Country (United States) 15 of 67
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.

Buy -
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.

Buy -
Mergr

Product

Company

Legal