M&A Deal Summary

White Cap Acquires Construction Supply Group

On August 11, 2020, White Cap acquired distribution company Construction Supply Group from The Sterling Group

Acquisition Highlights
  • This is White Cap’s 3rd transaction in the Distribution sector.
  • This is White Cap’s 3rd transaction in the United States.
  • This is White Cap’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2020-08-11
Target Construction Supply Group
Sector Distribution
Buyer(s) White Cap
Sellers(s) The Sterling Group
Deal Type Merger
Advisor(s) Jefferies (Financial)
McDermott Will & Emery (Legal)

Target

Construction Supply Group

Denver, Colorado, United States
Construction Supply Group engages in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. Construction Supply Group is based in Denver, Colorado.

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Buyer(S) 1

Buyer

White Cap

Norcross, Georgia, United States

Category Company
Founded 1976
Sector Distribution
DESCRIPTION

White Cap is a distributor of specialty concrete and construction products. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and industrial applications. White Cap was formed in 1976 and is based in Norcross, Georgia.


DEAL STATS #
Overall 3 of 27
Sector (Distribution) 3 of 15
Type (Merger) 1 of 1
State (Colorado) 2 of 2
Country (United States) 3 of 26
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-27 GSI General Materials

Charlotte, North Carolina, United States

GSI General Materials, LLC is a fast-growing chain of construction supply centers located in North and South Carolina and one of two sister companies, the other being Geo-Synthetics, Inc. of Waukesha, WI. Geo-Synthetics specializes in fabricating and installing geo-textiles and related erosion control products for large construction projects nationwide

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 National Concrete Accessories

Toronto, Ontario, Canada

National Concrete Accessories is a manufacturer and distributor of concrete form hardware, accessories, and construction products. National Concrete Accessories was founded in 1968 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 28 of 34
Sector (Distribution) 6 of 7
Type (Merger) 6 of 6
State (Colorado) 1 of 2
Country (United States) 25 of 31
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 White Cap

Norcross, Georgia, United States

White Cap is a distributor of specialty concrete and construction products. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and industrial applications. White Cap was formed in 1976 and is based in Norcross, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Highline Warren

Memphis, Tennessee, United States

Highline Warren is a national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. Highline Warren was founded in 2016 and is based in Memphis, Tennessee.

Sell -