M&A Deal Summary

Clearlake Capital and Angeles Equity Partners Acquire American Construction Source

On September 26, 2018, private equity firms Clearlake Capital and Angeles Equity Partners acquired distribution company American Construction Source

Acquisition Highlights
  • This is Clearlake Capital’s 2nd and Angeles Equity Partners’ 1st transaction in the Distribution sector.
  • This is Clearlake Capital’s 45th and Angeles Equity Partners’ 3rd transaction in the United States.
  • This is Clearlake Capital’s 1st and Angeles Equity Partners’ 1st transaction in Missouri.
Investment Fate
  • American Construction Source was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2018-09-26
Target American Construction Source
Sector Distribution
Buyer(s) Clearlake Capital
Angeles Equity Partners
Deal Type Consolidation

Target

American Construction Source

Springfield, Missouri, United States
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.

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Buyer(S) 2

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 48 of 93
Sector: Distribution M&A 2 of 3
Type: Consolidation M&A Deals 5 of 5
State: Missouri M&A 1 of 2
Country: United States M&A 45 of 88
Year: 2018 M&A 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Sage Automotive Interiors

Greenville, South Carolina, United States

Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Alkegen

Buffalo, New York, United States

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

Buy -
Buyer
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 18
Sector: Distribution M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 3 of 17
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 ERP Power

Westlake Village, California, United States

ERP Power is a designer and manufacturer of energy-efficient LED driver power electronics for commercial and industrial applications. ERP Power was founded in 2004 and is based in Westlake Village, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 AdvancedPCB

Santa Clara, California, United States

AdvancedPCB is a manufacturer of high reliability, technologically advanced, quick-turn printed circuit board prototypes for aerospace and defense, industrial, and consumer electronics companies. The company offers its customers world-class cycle times and quality, robust engineering capabilities, and comprehensive global program management. AdvancedPCB was founded in 1977 and is based in Santa Clara, California.

Buy -