Foundation Building Materials Closes Transaction with American Securities
29 Enero 2021 - 7:32AM
Business Wire
Foundation Building Materials, Inc. (“FBM” or the “Company”),
one of the largest specialty building product distributors of
wallboard, suspended ceiling systems, metal framing, and
complementary and other products in North America, and American
Securities LLC, a leading U.S. private equity firm, announced today
the closing of American Securities’ acquisition of FBM.
“Under private ownership, FBM will have greater flexibility to
intensify its focus on serving customers across the U.S. and
Canada,” said Ruben Mendoza, President and CEO of FBM.
“We have long admired FBM’s talented team members and its track
record of market leadership and growth,” said Kevin Penn, a
Managing Director of American Securities. “We are excited to work
alongside management to help the Company execute its strategic plan
and continue delivering high-quality products and service to its
customers.”
About Foundation Building Materials Foundation Building
Materials, Inc. is a specialty building products distributor of
wallboard, suspended ceiling systems, metal framing, and
complementary and other products throughout North America. Based in
Santa Ana, California, the Company employs more than 3,300
employees and operates more than 170 branches across the United
States and Canada. Learn more at www.fbmsales.com or follow us on
LinkedIn, Twitter, Instagram, or Facebook.
About American Securities Based in New York with an
office in Shanghai, American Securities is a leading U.S. private
equity firm that invests in market-leading North American companies
with annual revenues generally ranging from $200 million to $2.0
billion and/or $50 million to $250 million of EBITDA. American
Securities and its affiliates have approximately $23 billion under
management. For more information, visit
www.american-securities.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210129005326/en/
FBM Contact Information Investor Relations: Foundations
Building Materials, Inc. Investors@fbmsales.com 657-900-3200
Media Relations: Abernathy MacGregor Jeremy Jacobs
212-371-5999
American Securities Contact Information Amy Harsch
aharsch@american-securities.com 212-476-8071
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