Harris Williams & Co. Advises US LBM Holdings, LLC on its Recapitalization with Kelso & Company

August 25, 2015

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the recapitalization of US LBM Holdings, LLC (US LBM), a portfolio company of BlackEagle Partners (BlackEagle), with Kelso & Company (Kelso). BlackEagle and certain members of US LBM management will be investors alongside Kelso. US LBM is a premier building product material distribution business serving builders, remodelers and specialty contractors throughout the U.S. The transaction, which closed August 24, 2015, was led by Mike Hogan, Ryan Nelson, Tim Webb, Mike Williams and Carl Menzel of Harris Williams & Co.’s Building Products & Materials Group.

US LBM, recipient of the 2015 ProSales Dealer of the Year, is a collection of leading building material distributors across the U.S. in 22 states with 157 locations. Implementing the philosophy of local management and leadership, US LBM capitalizes on the premier reputation of its operating companies and the local customer relationships that each operation is known for in its market. The company was founded in 2009.

BlackEagle, with offices in New York and Bloomfield Hills, Michigan, is an operations-focused, middle market private equity firm that seeks to acquire companies with sustainable business models that exhibit compelling future prospects.

Kelso has been investing in North American private equity for 35 years. Kelso benefits from a successful investment track record, a long-tenured and stable investing team, a reputation as a preferred partner to management teams and strategics, and a significant alignment of interest with all of its partners. Since 1980, Kelso has raised a total of nine private equity funds, representing over $9 billion of outside LP capital, and has made over 115 investments.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Building Products & Materials Group has experience across a broad range of sectors, including building materials distribution, commercial and residential construction; infrastructure and public facilities; repair and remodeling; cabinetry, plumbing products, windows and doors; flooring and tiles; roofing and siding; HVAC and electrical; aggregates; asphalt; ready-mix concrete; cement; and engineering and construction services.  For more information on the firm’s Building Products & Materials Group, visit the Building Products & Materials Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.