The acquisition adds 32 locations to FBM's footprint.
Latest In Foundation Building Materials
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
Firm completes $1.4 billion acquisition of distributor from an affiliate of PE firm Lone Star Funds, which had acquired FBM in 2015 and maintained a majority ownership since the company’s 2017 IPO.
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
American Securities LLC is the latest private equity firm to snap up one of the country’s top building materials distributors.
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
FBM expands its presence in the Greater Milwaukee market with the acquisition of independent distributor.
