M&A Deal Summary

Fortune Brands Acquires Fiberon

On August 23, 2018, Fortune Brands acquired building materials company Fiberon from Pegasus Capital Advisors for 470M USD

Acquisition Highlights
  • This is Fortune Brands’ 3rd transaction in the Building Materials sector.
  • This is Fortune Brands’ 6th largest (disclosed) transaction.
  • This is Fortune Brands’ 7th transaction in the United States.
  • This is Fortune Brands’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-08-23
Target Fiberon
Sector Building Materials
Buyer(s) Fortune Brands
Sellers(s) Pegasus Capital Advisors
Deal Type Add-on Acquisition
Deal Value 470M USD

Target

Fiberon

New London, North Carolina, United States
Fiberon LLC is a manufacturer of composite decking, railing and fencing used in homes and light commercial construction across North America. Its Fiberon brand product line is designed specifically for professional contractors. Fiberon was founded in 1997 and is based in New London, North Carolina.

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Buyer(S) 1

Buyer

Fortune Brands

Deerfield, Illinois, United States

Category Company
Founded 1988
Sector Safety/Security
Employees28,000
Revenue 4.6B USD (2023)
DESCRIPTION
Fortune Brands' corporate headquarters in Deerfield, Illinois.
Fortune Brands' corporate headquarters in Deerfield, Illinois.

Fortune Brands is a provider of home and security products and services for use in residential home repair, remodeling, new construction, and security and storage applications. The Company’s brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. Fortune Brands was founded in 1988 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 8 of 12
Sector (Building Materials) 3 of 5
Type (Add-on Acquisition) 8 of 11
State (North Carolina) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Shaws of Darwen

Lancashire, United Kingdom

Shaws of Darwen provides maintenance/repair services to terracotta buildings, as well as manufacturing handcrafted fireclay sinks. Shaws of Darwen also specialized in the supply of bathroom furniture. Shaws of Darwen was founded in 1897 and is based in Lancashire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Larson Manufacturing

United States

Larson Manufacturing Co. is a manufacturer of storm doors and storm windows in the United States.

Buy $660M

Seller(S) 1

SELLER

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 12 of 16
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (North Carolina) 2 of 2
Country (United States) 8 of 11
Year (2018) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Yanzi Networks AB

Kista, Sweden

Yanzi Networks AB is a Swedish Internet-of-Things (“IoT”) solutions provider for the Smart Building market. Yanzi has developed an open, fast, robust, and evolutionary software and networking platform for IoT and is collaborating with the industry’s largest vendors to deliver value to real estate owners and facility management companies that wish to enter the world of smart buildings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Healthe

Melbourne, Florida, United States

Healthe is a technology provider in developing and deploying commercial and consumer solutions for UV air and surface sanitization and LED circadian lighting. These products inactivate viruses and bacteria in the air and on surfaces, improve air quality, regulate the body’s internal clock, boost performance and enhance sleep. Healthe is based in Melbourne, Florida.

Buy -