M&A Deal Summary

Cornerstone Building Brands Acquires Ply Gem Industries

On November 16, 2018, Cornerstone Building Brands acquired building materials company Ply Gem Industries from CD&R

Acquisition Highlights
  • This is Cornerstone Building Brands’ 3rd transaction in the Building Materials sector.
  • This is Cornerstone Building Brands’ 4th transaction in the United States.
  • This is Cornerstone Building Brands’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-11-16
Target Ply Gem Industries
Sector Building Materials
Buyer(s) Cornerstone Building Brands
Sellers(s) CD&R
Deal Type Merger

Target

Ply Gem Industries

Cary, North Carolina, United States
Ply Gem Industries, Inc. is a manufacturer of building products in North America. Number one in vinyl siding and in vinyl and aluminum windows, Ply Gem produces a comprehensive product line of windows and patio doors, vinyl and aluminum siding and accessories, designer accents, cellular PVC trim and mouldings, vinyl fencing and railing, stone veneer, roofing and gutterware products, used in both new construction and home repair and remodeling across the United States and Canada.

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Buyer(S) 1

Buyer

Cornerstone Building Brands

Cary, North Carolina, United States
Category Company
Founded 1984
Sector Building Materials
Employees20,500
Revenue 4.6B USD (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 12
Sector (Building Materials) 3 of 11
Type (Merger) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 4 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 CENTRIA

Moon Township, Pennsylvania, United States

CENTRIA, Inc. engages in the design, engineering, and manufacturing of architectural insulated metal panel (IMP) wall and roof systems and a provider of integrated coil coating services for the nonresidential construction industry. CENTRIA, which generates over 85% of its revenue in North America, is an industry leader in the creation of buildings that are aesthetically desirable, functional and sustainable.

Buy $245M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Environmental Materials

Denver, Colorado, United States

Environmental Materials LLC designer, manufacturer, and installer of stone veneer products. EM sells its products and services under the Environmental StoneWorks brand mainly to residential and commercial builders in several regions throughout the United States.

Buy $187M

Seller(S) 1

SELLER

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 32 of 45
Sector (Building Materials) 3 of 3
Type (Merger) 1 of 2
State (North Carolina) 3 of 3
Country (United States) 23 of 35
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 SmileDirectClub

Nashville, Tennessee, United States

SmileDirectClub was founded on a simple belief: Everyone deserves a smile they love. Recognizing an opportunity to increase access to dental care, the company pioneered the creation of cutting-edge platforms and technology for doctor-directed, at-home aligner therapy. With a digital network of more than 200 affiliated licensed dentists and orthodontists overseeing customer treatment plans, from impressions made with an at-home kit or from a digital scan at one of the 150 SmileShops across the United States, SmileDirectClub has made orthodontic solutions more affordable and convenient than ever before. SmileDirectClub was founded in 2014 and is headquartered in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 David s Bridal

Conshohocken, Pennsylvania, United States

David’s Bridal is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. David's Bridal is based in Conshohocken, Pennsylvania.

Sell -
Mergr

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