SANTA ANA, CA & NEW YORK, NY–(Organization WIRE)–Basis Developing Supplies, Inc. (“FBM” or the “Company”), one particular of the largest specialty developing products distributors of wallboard, suspended ceiling devices, steel framing, and complementary and other merchandise in North The usa, and American Securities LLC, a main U.S. private equity company, declared these days the closing of American Securities’ acquisition of FBM.
“Under private possession, FBM will have better flexibility to intensify its concentration on serving clients throughout the U.S. and Canada,” reported Ruben Mendoza, President and CEO of FBM.
“We have extensive admired FBM’s proficient staff associates and its keep track of document of sector leadership and advancement,” said Kevin Penn, a Taking care of Director of American Securities. “We are enthusiastic to get the job done together with administration to assistance the Organization execute its strategic approach and carry on offering superior-high-quality goods and services to its customers.”
About Foundation Building Elements
Basis Constructing Supplies, Inc. is a specialty making products distributor of wallboard, suspended ceiling methods, metallic framing, and complementary and other merchandise in the course of North The united states. Dependent in Santa Ana, California, the Corporation employs additional than 3,300 workforce and operates more than 170 branches across the United States and Canada. Discover far more at www.fbmsales.com or observe us on LinkedIn, Twitter, Instagram, or Fb.
About American Securities
Primarily based in New York with an office in Shanghai, American Securities is a foremost U.S. private fairness firm that invests in industry-foremost North American companies with once-a-year revenues generally ranging from $200 million to $2. billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have roughly $23 billion under administration. For more info, pay a visit to www.american-securities.com.