The Eighth Transaction by ACS Expands LBM Distribution Ability in Wisconsin
SPRINGFIELD, Mo.–(Business WIRE)–January 20, 2021–
American Building Supply (“ACS”), a foremost nationwide developing supplies distribution system for personalized residence builders and repair and rework contractors, backed by Angeles Equity Associates, LLC (“Angeles”) and Clearlake Funds Group, L.P. (with each other with its affiliates “Clearlake”), nowadays declared the acquisition of Builder’s Resource Group (“BRG”). BRG will work beneath the Arrow Making Middle manufacturer already founded in Minnesota and Wisconsin. BRG marks the eighth acquisition by ACS under sponsorship from Clearlake and Angeles.
“ACS welcomes the BRG group to our rising portfolio of company-oriented lumber and setting up elements areas,” explained James Drexinger, CEO of ACS. “BRG has constructed a terrific organization, and we are energized to companion with them and their customers.”
“We are thrilled to be a part of the ACS platform as component of the Arrow Making Heart group,” explained Mike Baron, Operator and Typical Supervisor of Builder’s Useful resource Group. “The ACS keep track of report of integration and development, merged with the investment practical experience and benefit development capabilities of Angeles and Clearlake, will help us to better serve BRG consumers and speed up the development of the small business.”
Simpson Thacher & Bartlett LLP furnished authorized counsel to ACS. The economic conditions of the transaction have been not disclosed.
About Builder’s Source Team
Serving shoppers for far more than 15 yrs, Builder’s Source Group’s team of house constructing industry experts delivers high-quality solutions and unmatched company to their purchasers, supporting excellent homebuilders and remodelers make a improved home for their prospects. The BRG Gain loyalty software rewards builders and contractors for their buys. Master a lot more online at www.buildersresourcegroup.com.
About American Building Source
American Construction Resource is an LBM distributor with 70+ destinations in 9 states serving the desires of custom property builders, mend & remodel contractors, and Diy people. ACS provides lumber and building components businesses the assets, leverage, and aim to make their strategies occur. Recognizing the value and heritage of deep, community client associations as a powerful foundation for growth, ACS finest procedures are built to leverage shared strengths, travel operational excellence, and motivate general performance to generate a top developing products distributor with a national footprint and the industry’s most effective client experience. ACS is backed by Angeles Equity Associates and Clearlake Money Team. Learn far more on the internet at www.acs-lbm.com.
About Angeles Equity Partners, LLC
Angeles Fairness Partners, LLC is a personal equity organization that invests in corporations across a wide vary of sectors and especially targets firms which it believes can instantly benefit from the firm’s strategic, operational, and M&A capabilities. The Angeles skill set drives the firm’s financial commitment philosophy and, in its watch, can aid firms access their total opportunity. Learn more on line at www.angelesequity.com.
About Clearlake
Clearlake Cash Team, L.P. is a major investment decision business started in 2006 functioning built-in corporations throughout personal equity, credit history and other similar approaches. With a sector-targeted technique, the company seeks to associate with world-course administration groups by delivering individual, long-expression capital to dynamic businesses that can reward from Clearlake’s operational improvement approach, O.P.S.® The firm’s core focus on sectors are technologies, industrials and buyer. Clearlake at this time has about $25 billion of property beneath management and its senior financial investment principals have led or co-led above 200 investments. The firm has offices in Santa Monica and Dallas. Much more data is available at www.clearlake.com and on Twitter @ClearlakeCap.
Perspective resource variation on businesswire.com: https://www.businesswire.com/information/household/20210120005079/en/
Trenton Waterhouse, +1 623 523 1672 or email [email protected]
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