Building Products Acquisitions in Arizona

McElroy Metal, an employee-owned U.S. manufacturer of metal roofing and building products, has acquired Fabral, a nearly 60-year-old metal roofing and cladding brand. Fabral will continue to operate independently with its existing leadership and employees, and the deal expands McElroy Metal's presence in the metal construction market.

US LBM, the largest privately owned distributor of specialty building materials in the U.S., has acquired XO Windows, a regional supplier and installer of windows and doors serving Phoenix, Tucson and Henderson (Las Vegas metro). The acquisition expands US LBM’s product depth and installation capabilities across its Arizona Building Supply and Desert Companies divisions to better serve residential and commercial builders in the Southwest and Northwest regions.

Perimeter Solutions Group (PSG), a portfolio company of Bertram Capital, acquired Diamond Iron, a Phoenix-area commercial fence and gate installer. The deal is an add-on to PSG’s platform to expand its perimeter protection capabilities and geographic footprint in Arizona; terms were not disclosed.

Littlejohn & Co., LLC has acquired Sunbelt Modular, Inc., a leading designer and manufacturer of commercial modular building solutions, from MSouth Equity Partners. Sunbelt, headquartered in Phoenix, Arizona, operates 10 facilities with more than 1,300 employees. Marathon Asset Management and Webster Bank provided senior-secured financing to support the acquisition; terms were not disclosed.

Utah-based Sunroc Corporation, a subsidiary of Clyde Companies, Inc., has acquired Arizona Metro Mix, a family-owned ready-mix concrete producer serving the Phoenix metropolitan area. Commerce Street Capital served as sell-side advisor to Arizona Metro Mix; the acquisition expands Sunroc's construction materials footprint into the Phoenix market.

Oldcastle APG, a CRH company, has acquired Master Block, Inc., a single-site concrete block manufacturer in El Mirage, Arizona. The acquisition expands Oldcastle APG's masonry and fence block production capacity in the greater Phoenix area and integrates Master Block's manufacturing assets into Oldcastle APG's regional plant network to better meet local demand.

Impact Property Solutions, a Dallas/Carrollton-based portfolio company of Blue Sage Capital, has acquired OneSource Flooring and Interiors, an Arizona-based provider of flooring products and installation services to multifamily and commercial properties. OneSource's leadership will oversee Impact's Phoenix operations effective September 1, 2024; the deal is the fifth add-on since Blue Sage invested in Impact and strengthens Impact's Sun Belt platform.

Dominus Capital has recapitalized and partnered with Safe Haven Defense, a Scottsdale-based provider of security window film solutions. Founder Steve Johnson remains a significant shareholder and Safe Haven will leverage Dominus's operating partner network (including Cameron Evans as CEO) to accelerate growth and expand its security solution offerings.

NEFCO, a family-owned construction supply company, has acquired Unicoa Industrial Supply, a Phoenix-based supplier of tools, safety equipment and construction accessories. The deal expands NEFCO’s presence and product offering in the Phoenix/Tucson market and brings Unicoa’s local customer relationships and inventory into NEFCO’s broader platform.

The Cook & Boardman Group LLC has acquired Lanmor Services, Inc. and Lanmor Services of Nevada, LLC to expand its commercial access and integrated security capabilities across the Southwest. The deal strengthens Cook & Boardman's geographic footprint and technical service offering under its PE ownership (Platinum Equity; Littlejohn & Co. remains a minority shareholder).

US LBM has acquired Holderness Supplies, a Tucson-based manufacturer of floor and roof trusses and distributor of engineered wood products. The purchase expands US LBM’s manufacturing footprint in Arizona and strengthens its supply of specialty lumber and engineered wood products to local builders; Holderness’s longtime leader Rich Alejos will remain to manage operations.

Impact Property Solutions, a Dallas-based portfolio company of Blue Sage Capital, has acquired Interior Concepts, Inc., an Arizona-based provider of flooring products and installation services serving Phoenix/Scottsdale and other Arizona markets. The deal is an add-on acquisition that expands Impact's Sun Belt footprint and service coverage for multifamily and commercial property customers; Interior Concepts leadership will remain with the business.

Outdoor Living Supply (OLS), a Trilantic North America–backed distribution platform for outdoor living products, has acquired Apache Stone, a wholly owned subsidiary of Halquist Stone Company. The deal adds three strategic locations in Nevada and Arizona, giving OLS entry into the Phoenix market and expanding its Southwest footprint. OLS said Apache Stone’s existing local management team will remain in place to ensure continuity for employees, customers and suppliers.

Safe-Way Garage Doors, a portfolio company of CW Industrial Partners, has acquired 1st United Door Technologies. The add-on transaction expands Safe-Way’s distribution footprint into western U.S. markets and advances CW Industrial’s strategy to build a national building-products platform.

Digital Fuel Capital has acquired First Impression Ironworks, a vertically integrated designer, manufacturer and installer of custom ornamental iron doors, gates and railings, from MCM Capital Partners. The transaction included subordinated debt and equity co-investment from Eagle Private Capital, NewSpring Capital and Pine Street Capital Partners and positions First Impression as a platform for nationwide expansion through organic growth and add-on acquisitions.

Specialty Products & Insulation (SPI), a portfolio company of Incline Equity Partners, has acquired Intech Equipment & Supply. The acquisition adds spray polyurethane foam (SPF) equipment, mobile rigs, parts, and training capabilities to SPI's distribution and fabrication platform as it expands into the spray foam market; Blue River Financial Group served as SPI's M&A advisor.

SiteOne Landscape Supply has acquired Prescott Dirt, a distributor of landscape supplies with two locations in Prescott and Prescott Valley, Arizona. The deal expands SiteOne's capabilities and market coverage in the Prescott area and is the company's sixth acquisition in 2022.

US LBM has acquired Crown Components, a Tolleson, Arizona-based manufacturer and supplier of pre-assembled roof and floor wood trusses. The acquisition expands US LBM’s presence in the Phoenix-Mesa-Scottsdale market and adds local truss manufacturing and turnkey services (design, materials takeoffs and delivery) to its regional operations.

Oldcastle APG, a subsidiary of CRH plc, has acquired Pebble Technology International (Pebble Tec) from Graycliff Partners LP. Pebble Tec, based in Scottsdale, Arizona, is a leading maker of branded outdoor living products focused on aggregate swimming pool finishes; Graycliff acquired the company in 2018 and grew its supply network and product portfolio prior to the sale.

OmniMax International (owned by funds managed by SVPGlobal) has acquired Verde Industries, a Phoenix-based manufacturer of roof flashing and plastic weather-blocking products. Verde will operate as a subsidiary and be integrated into OmniMax's Consumer segment to expand its residential roofing accessories portfolio and geographic reach across the Western and Southwestern U.S.; financial terms were not disclosed.

US LBM Holdings has acquired Home Center Supply, a two-store lumber and hardware retailer operating in Heber and Payson, Arizona. The acquisition expands US LBM's local footprint and adds contractor-focused building materials distribution capabilities in the region.

Builders FirstSource (Nasdaq: BLDR) has entered into a definitive agreement to acquire Cornerstone Building Alliance SW, LLC ("Alliance") for approximately $400 million, subject to closing adjustments. Alliance, the largest independently operated supplier of building materials in Arizona with ~ $330M TTM sales and over 300 employees, expands Builders FirstSource's presence in the high-growth Phoenix/Tucson/Prescott Valley markets; the deal is expected to close around the end of Q2 2021 and be funded with cash and credit facilities.

United Enertech Holdings, a portfolio company of DalFort Capital Partners, has acquired Metal Form Manufacturing Company, a Phoenix-based maker of ventilation, acoustical and evaporative cooling products. The add-on expands United Enertech’s commercial building-products portfolio and strengthens its manufacturing and product capabilities in the Western United States.

Valesco Fund II completed a majority buyout and control recapitalization of Express Home Services, LLC ("Express Flooring"), a Phoenix-based regional provider of residential and commercial flooring solutions. Co-investors on the transaction included Brookside Mezzanine Partners (providing subordinated debt and an equity co-investment), HighGrove Companies, Longhouse Partners and Express management; senior debt was provided by a bank investor in Valesco Fund II to support growth and geographic expansion.

Hahn Systems, a U.S. wholesale distributor and subsidiary of French family group Descours & Cabaud, has acquired the construction division of American Machinery Works, Inc., which includes AMW Construction Supply, ProFast Supply, and King Fasteners. The acquisition expands D&C/Hahn’s footprint in the U.S. construction and industrial supply market while the acquired businesses will continue to operate under their current names.

Andersen Corporation acquired Heritage Windows and Doors, a Gilbert, Arizona-based manufacturer of high-performance aluminum windows and doors serving luxury residential and commercial markets. The acquisition expands Andersen's Architectural Collection, advanced manufacturing capabilities and geographic reach; Heritage was owned by Tashco Industries, Inc. and financial terms were not disclosed.