Clayton, Dubilier & Rice Invests $150 Million in MOD Pizza

MOD Pizza Acquires 13 Formerly Franchised Locations in North Carolina

July 28, 2020

Restaurants & Hospitality

MOD Super-Fast Pizza Holdings, LLC (MOD Pizza) acquired 13 previously franchised MOD Pizza locations across North Carolina from franchisee SD Holdings, which had filed for bankruptcy. The company assumed control of the stores (in Charlotte, Wake Forest, Raleigh, Fayetteville and Asheville), offering employment to eligible staff and expanding its company-owned portfolio in the state.

CD&R Partnership Investment in Cheney Brothers

July 23, 2020

Food & Beverage

Clayton, Dubilier & Rice (CD&R)-managed funds have completed a minority partnership investment in Cheney Brothers, a family-owned regional foodservice distributor. The Cheney family remains majority owners and Byron Russell stays as Chairman and CEO; the investment will support the company’s continued expansion across core markets including Florida and North Carolina. Terms were not disclosed.

Clayton, Dubilier & Rice Acquires Focus Financial Partners

February 27, 2023

Wealth Management

Clayton, Dubilier & Rice (CD&R), with continued investment from Stone Point Capital, agreed to acquire Focus Financial Partners in an all-cash transaction valuing the company at an enterprise value in excess of $7 billion. Focus stockholders will receive $53 per share; Stone Point will retain a portion of its investment and provide new equity financing to support Focus as a private company, which the buyers say will provide greater financial and operating flexibility to grow the partner-firm network.

Clayton, Dubilier & Rice Acquires Cornerstone Building Brands

July 25, 2022

Building Products

Clayton, Dubilier & Rice (CD&R) has completed its acquisition of Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, in an all-cash transaction with an enterprise value of approximately $5.8 billion including assumed debt. Cornerstone, headquartered in Cary, North Carolina and employing more than 20,000 people, will become a privately held company under CD&R to pursue operational improvements and accelerated growth.

CD&R Acquires Significant Stake in Foundation Building Materials

January 31, 2024

Building Products

Funds managed by Clayton, Dubilier & Rice (CD&R) have acquired a significant ownership position in Foundation Building Materials, Inc. (FBM) from affiliates of American Securities, with American Securities retaining a majority stake. FBM, a leading North American distributor of specialty building products headquartered in Santa Ana, California, operates 300+ branches and employs more than 5,600 people; the investment will support the company’s continued growth, product/service expansion and digital initiatives.

Clayton, Dubilier & Rice Partners with Vera Whole Health

July 1, 2021

Healthcare Services

Clayton, Dubilier & Rice (CD&R) has entered into an investment partnership with Vera Whole Health to support Vera's expansion of its value-based, primary care-focused model. Terms were not disclosed; existing minority investors Transformation Capital and Archimedes Health Investors will remain as minority stakeholders while CD&R will support growth and board leadership changes.