Building Products Acquisitions in Georgia

Gibraltar Industries completed an all-cash acquisition of OmniMax International from funds managed by Strategic Value Partners for $1.335 billion. The deal expands Gibraltar's presence in the residential building-products market, is expected to be immediately accretive to EBITDA margin and cash flow, and is financed with new term loans and an upsized revolving credit facility.

Commercial Metals Company (CMC) completed the acquisition of Foley Products Company, LLC for $1.84 billion in cash. Foley, a Georgia-based supplier of precast concrete and pipe products operating 18 facilities across nine states with approximately 600 employees, will be integrated into CMC's newly formed precast platform to expand capabilities and scale in infrastructure, drainage, and construction end markets.

Hoover Treated Wood Products, Inc. has acquired Arconic Architectural Products, LLC and will operate the Eastman, Georgia facility under a new division, Hoover Architectural Solutions, marking Hoover's entry into exterior aluminum cladding and signage. The acquisition transfers the Eastman manufacturing operations to Hoover and expands its building-products portfolio to include aluminum composite material (ACM) panel lines such as Reynobond FR and PE.

A.P. Nonweiler Company, Inc., a long-standing coatings and toll-manufacturing specialist headquartered in Oshkosh, Wisconsin, has acquired Res-Tek, Inc., a U.S. manufacturer of seamless resinous flooring systems. The deal combines complementary product portfolios to expand market reach, enable cross-selling across residential, commercial and industrial end markets, and improve scalability and operational efficiencies.

The Home Depot, through its specialty distribution subsidiary SRS Distribution, completed the acquisition of GMS Inc. for an enterprise value of approximately $5.5 billion, purchasing outstanding shares for $110 per share. The deal brings GMS — a leading distributor of drywall, ceilings, steel framing and related building products — into SRS's network to expand product capabilities and better serve professional contractors across residential and commercial end markets.

White Cap has acquired the related businesses of American Contractors Supply and Reinforcing Concepts to expand its product and engineered-services offerings in the Southeast. The deal brings the teams and capabilities of both Atlanta-area businesses into White Cap's branch network, enhancing service levels for non-residential and infrastructure contractors in the region.

SiteOne Landscape Supply (NYSE: SITE) acquired Green Trade Nursery of Georgia, a wholesale distributor of nursery products with a single location in Jasper, Georgia. The deal expands SiteOne’s wholesale nursery presence in the North Atlanta market and marks the company’s 100th acquisition since 2013.

Liteworks Window & Door, a portfolio company of The Macallan Group, has acquired Atlanta Specialty Millwork to expand its custom millwork manufacturing capabilities. The acquisition broadens Liteworks' product offering for luxury residential and commercial projects and integrates Atlanta Specialty Millwork's craftsmanship into Liteworks' distribution and project services in the Southeast.

Construction Resources Company, LLC has acquired Atlanta-based Bell Cabinetry, LLC, a designer, manufacturer, and installer of custom and semi-custom cabinets for builders, designers and remodelers. Bell Cabinetry's leadership team will remain post-closing as Construction Resources expands its multi-product offering and showroom-based distribution in the Southeast.

Outdoor Living Supply (OLS), a PE-backed distribution platform focused on outdoor living products, has acquired Majestic Stone Landscape & Stucco Supply, a full-service distributor of manufactured and natural stone, hardscape and landscape products. The deal adds two strategic locations in the Georgia market and will keep founder Al Irwin involved as an Ambassador to support the transition and continuity for customers, suppliers and employees.

Core & Main Inc. has entered into a definitive agreement to acquire substantially all assets of GroGreen Solutions Georgia, LLC, a provider of erosion control and geosynthetics with four locations across the southeastern United States. The acquisition expands Core & Main’s distribution footprint and geosynthetics product offering in the Southeast to accelerate regional growth and support municipal and contractor end markets.

Monomoy Capital Partners has acquired a majority stake in Southern Exteriors, a full-service residential exterior installer headquartered in Jackson, Georgia. The Halifax Group sold the majority stake and will retain a minority investment; CEO Aaron Kuhn and the existing management team will continue to lead the company as Monomoy supports its next phase of growth across the Southeastern United States.

Hunters Gate Holdings, a private investment firm based in Atlanta, has acquired a controlling interest in RetailOne, LLC, a designer and manufacturer of interior millwork, fixtures and graphics. RetailOne will join Hunters Gate's Building Products platform alongside Image Manufacturing Group (IMG) to pursue organic growth and synergies with the platform, while management (COO Jay Fledderman) remains in place.

Shearer Supply has acquired Climatic Comfort Products (CCP), the HVAC distribution subsidiary of The Climatic Corporation, adding CCP’s eight branches across Florida, Georgia and Alabama to Shearer’s footprint. The deal, completed after Shearer’s partnership with Investcorp, expands Shearer’s Southeast reach, deepens its relationship with American Standard and bolsters its residential and commercial HVAC distribution capabilities.

Outdoor Living Supply (OLS), a Trilantic North America–backed distribution platform focused on hardscapes and outdoor living products, has acquired Willow Creek Landscape Supply, a full-service distributor of natural and manufactured stone, hardscapes, nursery and other landscape products located in Rome, Georgia. The founders Russ and Shala Head will remain with OLS during the transition; the transaction expands OLS’s footprint in the Georgia market as an add-on to its platform.

The Riverside Company has completed an investment in U.S. Cabinet Depot, a Marietta, Georgia-based wholesale distributor of ready-to-assemble kitchen and bath cabinetry, with MERK Capital Corporation and StoneCreek Capital co-investing alongside Riverside. Founder and CEO Steven Xu remains a significant shareholder and will continue to lead the company; the investment will support USCD’s domestic expansion, new facility openings, product assortment growth and operational scaling.

Trulite Glass & Aluminum Solutions, backed by Truelink Capital, has acquired and merged American Insulated Glass (AIG), expanding Trulite’s fabrication footprint and product offering. The acquisition—supported by Truelink Capital and following a succession led by AV Capital and AIG leadership—adds AIG’s regional capacity and residential product capabilities to Trulite’s platform to accelerate geographic and capability expansion.

LO3 Capital has made a debt and equity investment in Diamond Builders, Inc. (DBI) alongside private equity firm Tamarix Equity Partners. The capital will support DBI, a Douglas, Georgia-based manufacturer of prefabricated modular buildings, in its next phase of growth serving education, healthcare, government/military and industrial end markets.

TopBuild Corp. has acquired the assets of Pest Control Insulation (TAP), a specialty distributor of blended and custom insulation products sold exclusively to the pest control industry. The acquisition expands TopBuild’s Specialty Distribution capabilities and adds a national customer base; Pest Control Insulation reported approximately $24 million of revenue in 2023 and will have one of its owners join TopBuild to continue growing the business.

The Home Depot has entered into a definitive agreement to acquire International Designs Group (IDG) from Mill Point Capital. IDG is a Decatur, Georgia–based distributor and custom fabricator of surfaces, appliances and specialty products serving professional customers across renovation, remodeling, new construction and multi-family markets.

Platinum Equity has signed a definitive agreement to acquire a co-controlling stake in US LBM from existing investor Bain Capital Private Equity, with Bain and Platinum holding equal ownership and joint board governance. US LBM will remain led by founder and CEO L.T. Gibson and will continue pursuing national expansion and strategic acquisitions to grow its specialty building materials distribution platform; financial terms were not disclosed.

MBP Group, a portfolio company of Validor Capital, has acquired Summit Stairs and Millwork, a Canton, Georgia-based manufacturer of interior stair products, stair components and exterior columns. The add-on deal expands MBP's residential building products line and combines Summit's patented stair product systems and regional footprint with MBP's platform; the transaction closed July 31, 2023 (terms undisclosed).

Salt Creek Capital has acquired Southern Doors, LLC (dba Southern Ideal Door), a two-location overhead door distributor serving the Atlanta and Charlotte markets. The transaction facilitates founder/owner Phil Scott’s retirement and brings on Joel Lewis as incoming President & CEO to partner with Salt Creek on the company’s next phase of growth.

Artisan Custom Closets announced it has joined forces with Carolina Closets and Spacemakers, creating a regional leader in custom storage solutions across the Southeast. The combined company will operate multiple showrooms and two manufacturing facilities across Georgia, South Carolina and North Carolina to expand geographic reach and diversify customer channels (direct-to-consumer, builders, dealers and retail design centers).

Artisan Design Group (a portfolio company of The Sterling Group) has acquired Peachtree Cabinet Distributors and GranCo Countertops, two Georgia-based providers of cabinets and countertop fabrication/installation. The deal expands ADG's cabinet offering in the Southeast and adds countertop fabrication and installation capabilities to enable bundled interior finish services for homebuilders and multi-family developers.

Commercial Metals Company (CMC) acquired Tendon Systems, LLC, a provider of post-tensioning, barrier cable and concrete restoration solutions serving the Southeastern United States. Tendon reported approximately $60 million of revenue in 2022 and the acquisition expands CMC's construction-reinforcement capabilities and strengthens its position in post-tensioning cable and related services.

Atlanta-based private investment firm Georgia Oak Partners has made a majority equity investment in Artisan Custom Closets, a Marietta- and Nashville-based designer, manufacturer and installer of custom residential storage solutions. The capital and operational partnership is intended to support Artisan's next phase of growth and expansion across the Southeast.

Charger Investment Partners has acquired CMI Limited Co., a Woodstock, Georgia-based designer and manufacturer of shoreline preservation and marine access products, in a transaction announced in January 2023. Heartwood Partners Fund II, LP exited its investment in CMI as part of the sale; financial terms were not disclosed. Charger partnered with CMI management to support the company's next phase of growth.

Beijer Ref AB has signed a binding agreement to acquire Heritage Distribution Holdings from Gryphon Investors for USD 1,275 million (USD 1,175 million excluding certain tax benefits). Heritage Distribution, headquartered in Atlanta, Georgia, operates a 64-branch HVAC/R parts and equipment distribution platform across ten U.S. states with approximately 800 employees; the acquisition is Beijer Ref's strategic entry into the North American market and provides a platform for further consolidation.

Core & Main, Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all assets of Lanier Municipal Supply Co. Inc., a family-owned distributor of water, wastewater, storm drainage and irrigation products headquartered in Lakeland, Georgia. The acquisition expands Core & Main's footprint and resources across the southeastern U.S., adding Lanier's locations in Lakeland and Savannah, Georgia and Panama City and Lake City, Florida.

US LBM has acquired Georgia Truss, an Atlanta-area manufacturer and supplier of structural roof and floor trusses. The business will operate under US LBM’s Brand Vaughan Lumber, expanding the company's truss manufacturing capacity in the greater Atlanta market to serve residential, multifamily and commercial builders.

Truelink Capital has acquired Trulite Glass & Aluminum Solutions, one of North America's largest architectural glass and aluminum fabricators, from an affiliate of Sun Capital Partners. Truelink — a newly launched middle-market private equity firm based in Los Angeles — plans to support Trulite's geographic expansion, operational optimization and growth via strategic investments and M&A while retaining the existing management team.

Indianapolis-based private equity firm CID Capital partnered with Georgia Metals in a recapitalization to support the company's growth and acquisition strategy across the Southeast. CID will continue to work with Georgia Metals' President Tripp Strickland and the transaction was financed in part by First Merchants Bank.

Mohawk Industries has acquired Foss Floors from Wynnchurch Capital. Foss Floors, headquartered in Rome, Georgia, is a leading manufacturer of non-woven needle-punch and specialty flooring made from recycled PET, and the acquisition expands Mohawk's product portfolio and sustainable flooring capabilities.

International Designs Group LLC (IDG), a portfolio company of Mill Point Capital, has acquired Construction Resources Holdings LLC, a leading distributor of design-oriented surfaces, specialty architectural products and appliances in the Southeastern United States. The deal adds CR's ~30-location showroom, distribution and fabrication network based in the Atlanta area to the IDG platform to expand geographic coverage and broaden the platform's product offerings.

PDI (Plumbing Distributors, Inc./PDI Kitchen, Bath & Lighting) has acquired W.A. Bragg & Co., a family-owned plumbing, appliance, lighting, electrical and irrigation distributor based in Augusta, Georgia. The deal expands PDI’s branch and showroom footprint across the Southeast and broadens its product offerings to better serve existing and new customers in Georgia, South Carolina and Tennessee.

Hayward Holdings, Inc. has acquired the specialty lighting business of Halco Lighting Technologies, adding established brands such as ColorSplash, J&J Electronics, PureWhite and Sollos. The purchase expands Hayward's pool, spa, fountain and landscape lighting product lines and enables further integration with its OmniLogic smart pool automation platform as the company enters the landscape and bulb markets.

The Riverside Company, via its Threshold Brands platform, has acquired Granite Garage Floors, a franchised garage floor coating company founded in 2009. The add-on expands Threshold Brands' multi-brand home- and commercial-services portfolio into garage and floor-coating services; Granite Garage Floors operates a network of roughly 14 franchised locations and is headquartered in Alpharetta/Atlanta, Georgia.

Stonebridge Partners completed a recapitalization of MetalForming, Inc., partnering with founder Geoff Stone and with debt financing and a co-investment from Main Street Capital. The transaction provides growth capital and expanded resources to support MetalForming’s market presence as a leading North American distributor of sheet metal forming machines; Geoff Stone remains on the board and the largest single shareholder.

Saylite, a CORE Industrial Partners portfolio company, acquired Southern Lighting Gallery (including Charleston Lighting and Interiors), adding two showrooms in Augusta, GA and Charleston, SC to Saylite's existing showroom footprint in Texas. The acquisition is an add-on to support Saylite's vertical integration and geographic expansion in Southeast U.S. markets.

The Engineered Stone Group (established by The Cranemere Group) acquired US-based MTI Baths and Europe-based Aquatica to expand its engineered stone and hydrotherapy bathing footprint in North America. The deals bring MTI's Sugar Hill, Georgia manufacturing and Aquatica's high-end solid surface/DTC capabilities into the ES Group portfolio, with both brands continuing to operate independently under existing management.

Sentinel Capital Partners acquired The Recreational Group and combined it with Controlled Products, a prior Sentinel portfolio company. The Recreational Group, headquartered in Dalton, Georgia with more than 400 employees, is a vertically integrated manufacturer, distributor and installer of synthetic turf and composite modular tile; terms were not disclosed.

The AZEK Company (NYSE: AZEK) has acquired StruXure Outdoor, a designer and manufacturer of aluminum pivoting-louver pergolas and cabanas. The deal expands AZEK's outdoor living product portfolio, enabling cross-selling with TimberTech and leveraging AZEK's sourcing, operations and material-science capabilities to drive growth and margin expansion for StruXure.

Turning Basin Capital and co-investor Vigeo Investments provided growth equity to National Glazing Solutions (NGS) to fund national expansion and acquisitions. NGS, a Canton, Georgia-based dealer-installer of window film, Riot Glass, printed graphics and signage, will keep its founders James Beale and Patrick Coyle in operating roles while using the capital to scale operations.

Commercial Metals Company (CMC) has agreed to acquire Tensar Corporation, a global designer and manufacturer of geogrid products and foundation-improvement technologies, from Castle Harlan for $550 million in cash. The transaction — a sale of a Castle Harlan portfolio company (CHP V) — closed following customary regulatory review; Tensar is headquartered in Alpharetta, Georgia and will expand CMC's construction-products and ground-stabilization capabilities.

Solmax has completed the acquisition of Propex, a North American geosynthetics manufacturer, strengthening Solmax's product portfolio and manufacturing capacity in non-woven geotextiles and erosion-control solutions. The deal expands Solmax's presence in environmental and civil-infrastructure markets and adds Propex's Ringgold, Georgia manufacturing capability and on-site testing facilities to Solmax's global footprint.

GMS Inc. (NYSE: GMS) completed the acquisition of AMES Taping Tools LLC for $212.5 million and also acquired Kimco Supply Company in Florida, while opening a new greenfield location in Johnson City, Tennessee. The transactions expand GMS’s product and geographic footprint—adding automatic taping and finishing tools, a large rental fleet and increased density in the Tampa market.

Sentinel Capital Partners, a New York-based private equity firm, has acquired Controlled Products, a Dalton, Georgia manufacturer and distributor of synthetic turf for landscape, sports and commercial applications. Terms were not disclosed; the transaction represents an exit for previous sponsor Clearview Capital and positions Controlled Products for acquisitive and organic growth under Sentinel's ownership.

An affiliate of The Jordan Company has signed a definitive agreement to acquire Arclin, a Roswell, Georgia-based manufacturer of specialty resins and surface overlays, from funds affiliated with Lone Star Funds. Arclin CEO Brad Bolduc and the senior management team will retain a significant equity stake and continue to lead the business; the company operates 12 manufacturing facilities and has over 600 employees. Terms were not disclosed and the transaction was expected to close in Q3 2021.

Building Industry Partners (BIP) formed a new regional lumber & building materials platform, Southeast LBM Interests, and completed inaugural acquisitions of the assets of Warner Robins Building Supply Co., Henson Building Materials, and Mountain Building Supply across Georgia, North Carolina and South Carolina. The transaction addresses the Bayer family's succession planning needs while sponsoring Roger Farmer as president of the new platform to drive regional expansion and implement broad-based employee ownership and people-first practices.