M&A Deal Summary

US LBM Acquires American Construction Source

On May 25, 2021, US LBM acquired distribution company American Construction Source from Clearlake Capital and Angeles Equity Partners

Acquisition Highlights
  • This is US LBM’s 29th transaction in the Distribution sector.
  • This is US LBM’s 42nd transaction in the United States.
  • This is US LBM’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-05-25
Target American Construction Source
Sector Distribution
Buyer(s) US LBM
Sellers(s) Clearlake Capital
Angeles Equity Partners
Deal Type Add-on Acquisition

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) 1

Buyer

US LBM

Atlanta, Georgia, United States
Category Company
Founded 2009
Sector Distribution
DESCRIPTION

US LBM is a distributor of specialty building materials and offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components, and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. US LBM was founded in 2009 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 42 of 71
Sector (Distribution) 29 of 36
Type (Add-on Acquisition) 41 of 70
State (Missouri) 1 of 1
Country (United States) 42 of 71
Year (2021) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Higginbotham Brothers

Comanche, Texas, United States

Higginbotham Brothers is a building products dealer that supplies professional builders, remodelers, and do-it-yourselfers with lumber and a deep catalog of specialty building products, including hardware, windows, doors, plumbing materials, and interior/exterior paint, from its 40 locations across Texas and Oklahoma. Higginbotham Brothers was founded in 1881 and is based in Comanche, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 J.P. Hart Lumber

San Antonio, Texas, United States

J.P. Hart Lumber is a distributor of building components for residential and commercial products. J.P. Hart Lumber was founded in 1939 and is based in San Antonio, Texas.

Buy -

Seller(S) 2

SELLER

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B 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 27 of 35
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 10 of 14
State (Missouri) 1 of 1
Country (United States) 25 of 32
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Janus International

Temple, Georgia, United States

Janus International is a global turnkey supplier of premium doors, hallway systems, locks, interior solutions, and ancillary technologies to the self-storage, commercial construction, and other industrial sectors. Janus International was founded in 2002 and is based in Temple, Georgia.

Sell -
SELLER

Angeles Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
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 1 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Crenlo Engineered Cabs

Rochester, Minnesota, United States

Crenlo Engineered Cabs is a manufacturer of highly engineered steel frame cab enclosures and rollover structures serving major OEM's in the construction, agriculture, and commercial equipment markets. The company also produces a proprietary line of electronic enclosures under its EMCOR trademark, which serves the commercial, telecom, datacom, test & measurement, broadcast, and security markets. Electronic enclosure capabilities range from standard & modified standard product offerings, to complete custom indoor or outdoor enclosure solutions. Crenlo Engineered Cabs was formed in 1951 and is based in Rochester, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Primus Aerospace

Lakewood, Colorado, United States

Primus Aerospace is a manufacturer of complex precision components for the aerospace, defense, and space (“AD&S”) sectors. Primus serves several of the premier AD&S prime contractors and original equipment manufacturers (“OEMs”) for many of the industry’s most strategic platforms and programs. Primus Aerospace is based in Lakewood, Colorado.

Buy -
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