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ACS American Construction Acquires Freeborn Lumber to Expand Footprint into Southern Minnesota and Northern Iowa.

MANews-(C)2009-2019

13 June 2019 - Missouri, US-based building materials platform American Construction Source has acquired Minnesota, US-based Freeborn Lumber Company to operate under the Arrow Building Center brand, the company said.

Financial terms of the transaction were not disclosed.

The addition of Freeborn to ACS, a portfolio company of Arrow Building Center, will expand geographic reach to Southern Minnesota and Northern Iowa.

American Construction Source is a national building materials platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners and Clearlake Capital Group.

ACS has 70+ locations in seven states serving the needs of custom home builders, repair and remodel contractors, and DIY consumers.

Arrow Building Center provides custom home builders, building professionals and DIY customers a comprehensive portfolio of lumber and building materials products, component manufacturing, and speciality services in key Minnesota and Wisconsin markets.

Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm's strategic, operational and M and A capabilities.

Clearlake Capital Group, L.P. is a private investment firm founded in 2006.

With a sector-focussed approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.

The firm's core target sectors are industrials and energy; software and technology-enabled services; and consumer.

Country: USA

Sector: Construction/Real Estate

Target: Freeborn Lumber Company

Buyer: American Construction Source

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Freeborn Lumber Company will operate under the Arrow Building Center brand

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Publication:M & A Navigator
Geographic Code:1U4MN
Date:Jun 13, 2019
Words:280
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