Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Tuesday announced it has completed its previously announced acquisition of American Construction Source from Angeles Equity Partners LLC and Clearlake Capital Group L.P.
Financial terms of the deal, which MDM reported on May 25, weren’t disclosed.
With the addition of more than 70 locations in Arizona, Arkansas, California, Colorado, Minnesota, Missouri, Nevada, Washington and Wisconsin, US LBM is now the nation’s largest privately owned full-line building materials distributor.
“We are excited to welcome our new teams in the Midwest and West to US LBM, and the combination of their expertise and excellent customer relationships with the tools, resources and reach of our national network creates unlimited opportunities for our customers, associates, suppliers and communities,” said L.T. Gibson, US LBM’s president and CEO. “US LBM’s overall strategy remains growing in our existing markets and partnering through acquisitions with the best companies in new markets.”
Click here to see all of US LBM’s acquisition activity, which includes four deals (both announced and completed) in July.
The post US LBM Completes Acquisition of American Construction Source appeared first on Modern Distribution Management.
