US LBM Holding’s Acquisition of American Construction Source

Sidley Austin LLP advised Clearlake Capital Group on the deal, while Kirkland & Ellis advised Bain Capital Private Equity and its portfolio company US LBM.

Angeles Equity Partners, LLC and Clearlake Capital Group, L.P. announced they have signed a definitive agreement to sell American Construction Source to US LBM. ACS is a leading lumber and building materials distribution platform serving custom home builders, repair and remodel contractors, and do-it-yourself homeowners across the United States. Financial terms of the transaction were not disclosed.

Moelis & Company LLC and Jefferies LLC served as financial advisors to ACS on the transaction, and Simpson Thacher & Bartlett LLP and Sidley Austin LLP served as legal advisors to ACS.

The Sidley deal team was led by Mehdi Khodadad (Picture) and Nicolai Schwarz-Gondek.

The Kirkland team was led by corporate partner Christopher Thomas and associate Christopher Grady, and debt finance partners Melissa Hutson and Yuli Wang.

Involved fees earner: Christopher Grady – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Christopher Thomas – Kirkland & Ellis; Yuli Wang – Kirkland & Ellis; Mehdi Khodadad – Sidley Austin LLP; Nicolai Schwarz-Gondek – Sidley Austin LLP;

Law Firms: Kirkland & Ellis; Sidley Austin LLP;

Clients: Bain Capital Private Equity; Clearlake Capital Group, L.P.; US LBM;

Author: Martina Bellini