American Construction Source Acquires Foley Lumber & Milaca Building Center

US LBM Acquires American Construction Source from Angeles and Clearlake

July 6, 2021

Building Products

US LBM Holdings has agreed to acquire American Construction Source (ACS) from Angeles Equity Partners and Clearlake Capital. ACS is a specialty lumber and building materials distributor operating 70+ locations across nine states; the deal expands US LBM’s footprint in the Midwest, Western and Northwestern U.S. Financial terms were not disclosed and the transaction closed in mid‑2021 after customary approvals and financing led by Barclays and Credit Suisse.

American Construction Source (ACS) Acquires Freeborn Lumber Company

June 12, 2019

Building Products

American Construction Source (ACS), a national building materials platform backed by Angeles Equity Partners and Clearlake Capital Group, has acquired Freeborn Lumber Company of Albert Lea, Minnesota. Freeborn will operate under the Arrow Building Center brand, expanding ACS's geographic reach into southern Minnesota and northern Iowa; financial terms were not disclosed.

American Construction Source Acquires Weaver Lumber

July 7, 2020

Building Products

American Construction Source (ACS), the PE-backed building materials distribution platform, has acquired Weaver Lumber, a family-owned lumber and millwork business serving Northern California. The acquisition — ACS's seventh transaction — expands ACS's LBM distribution, component and millwork manufacturing capacity, and specialty installation services in Northern California; financial terms were not disclosed.

American Construction Source / Angeles Equity Partners Acquire Arrow Building Center from Aiglon Capital

November 14, 2018

Building Products

American Construction Source (a Clearlake portfolio company), together with Angeles Equity Partners, acquired Arrow Building Center (also known as Consolidated Lumber Company) from Aiglon Capital. Based in Stillwater, Minnesota, Arrow operates 16 branches across Wisconsin and Minnesota and serves more than 1,000 professional contractors, home builders and DIY customers; the deal was an add-on to ACS’s platform to expand its Midwest footprint.

American Construction Source Acquires Tanco Lumber

June 22, 2021

Building Products

American Construction Source (ACS), a PE-backed national building materials distribution platform, has acquired Tanco Lumber, which operates locations in Branson West and Forsyth, Missouri. The acquisition — the tenth by ACS under the sponsorship of Angeles Equity Partners and Clearlake Capital Group — will expand ACS's LBM distribution capacity in the Branson Tri-Lakes area; Tanco will continue to operate under its local brand and financial terms were not disclosed.

American Construction Source Acquires Homewood Holdings

February 26, 2020

Building Products

American Construction Source (ACS), a PE-backed national lumber and building materials distributor, has acquired Homewood Holdings, a regional LBM pro dealer operating eight locations across California, Washington and Arizona. ACS — backed by Angeles Equity Partners and Clearlake Capital — will operate Homewood under its existing local brands as part of ACS's platform expansion in the Western U.S.; financial terms were not disclosed.