American Securities LLC’ US$850 Million Acquisition Of Beacon

Sidley Austin LLP advised Beacon on the deal, while Weil, Gotshal & Manges LLP advised American Securities.

Beacon announced the sale of its interior products business to affiliates of American Securities LLC, a U.S. private equity firm, for US$850 million cash. Beacon’s interior products business consists of 81 branch locations, where it distributes construction products including wallboard, acoustical ceilings, steel framing, and insulation to both residential and commercial contractors.

American Securities is a leading U.S. private equity firm with approximately $23 billion under management.

The Sidley team was co-led by Jeffrey Smith (Picture) and Scott Williams, and included Jack Melamed, Brett Valentyn, Emily Olivera, Ben Rosemergy, P.C. Wang, James Lowe, Miriam Silvestri, Chris Gleason, Michael Heinz, Suresh Advani, Jennifer Waclawik, Elizabeth McCloy, Matthew Abu-Taleb, Matt Wholey, Kate Roberts, Kyle Barnett, Mary Niehaus, Heather Palmer, and Sarah Jehl.

The Weil team advising American Securities was led by Mergers & Acquisitions Head Michael Lubowitz and includes Mergers & Acquisitions associates Kevin Kitson, Daniel Sotsky and Victor Wang (Not Yet Admitted in New York). The Weil team also included Banking & Finance partner Andrew Colao; Banking & Finance counsel Young Lee; Banking & Finance associates Evan Nichols and Kelsey Watkins (Not Yet Admitted in New York); Capital Markets partner Heather Emmel; Capital Markets associates Meera Sitaram and Shelby Stanton; Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions counsel Edric Itchon; Technology & IP Transactions associates Eliza Cotter and Meggin Bednarczyk; Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits associates Amanda Rosenblum (elected partner effective January 1, 2021) and Akansha Mishra; Tax partner Mark Schwed; Tax associate Maria Smith (Not Yet Admitted in New York); Real Estate associates Yelena Nersesyan and Ilana Bier (Not Yet Admitted in New York); Environmental Head Annemargaret Connolly; Environmental counsel Matthew Morton; Antitrust counsel Vadim Brusser (elected partner effective January 1, 2021); Antitrust associate Marie-Marie de Fays; Employment Litigation partner Nicholas Pappas; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).

Involved fees earner: Matthew Abu-Taleb – Sidley Austin LLP; Suresh Advani – Sidley Austin LLP; Kyle Barnett – Sidley Austin LLP; Christopher Gleason – Sidley Austin LLP; Michael Heinz – Sidley Austin LLP; James Lowe – Sidley Austin LLP; Elizabeth McCloy – Sidley Austin LLP; Jack Melamed – Sidley Austin LLP; Mary Niehaus – Sidley Austin LLP; Emily Olivera – Sidley Austin LLP; Heather Palmer – Sidley Austin LLP; Katherine Roberts – Sidley Austin LLP; Benjamin Rosemergy – Sidley Austin LLP; Miriam Carroll Silvestri – Sidley Austin LLP; Jeffrey Smith – Sidley Austin LLP; Brett Valentyn – Sidley Austin LLP; Jennifer Waclawik – Sidley Austin LLP; P.C. Wang – Sidley Austin LLP; Matt Wholey – Sidley Austin LLP; Scott Williams – Sidley Austin LLP; Omar Abdel-Hamid – Weil, Gotshal & Manges; Meggin Bednarczyk – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Andrew Colao – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Eliza Cotter – Weil, Gotshal & Manges; Marie-Marie de Fays – Weil, Gotshal & Manges; Heather Emmel – Weil, Gotshal & Manges; Edric Itchon – Weil, Gotshal & Manges; Kevin Kitson – Weil, Gotshal & Manges; Young Lee – Weil, Gotshal & Manges; Michael Lubowitz – Weil, Gotshal & Manges; Akansha Mishra – Weil, Gotshal & Manges; Matthew Morton – Weil, Gotshal & Manges; Yelena Nersesyan – Weil, Gotshal & Manges; Evan Nichols – Weil, Gotshal & Manges; Nicholas Pappas – Weil, Gotshal & Manges; Amanda Rosenblum – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Mark Schwed – Weil, Gotshal & Manges; Meera Sitaram – Weil, Gotshal & Manges; Maria Smith – Weil, Gotshal & Manges; Daniel Sotsky – Weil, Gotshal & Manges; Shelby Stanton – Weil, Gotshal & Manges; Paul Wessel – Weil, Gotshal & Manges;

Law Firms: Sidley Austin LLP; Weil, Gotshal & Manges;

Clients: American Securities LLC; Beacon Building Products;

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Author: Ambrogio Visconti