Centerbridge Partners Acquires American Bath Group from Lone Star Funds
October 8, 2020
Centerbridge Partners, a private investment firm, agreed to acquire American Bath Group from affiliates of Lone Star Funds, with ABG management retaining a significant ownership stake. The deal (expected to close in Q4 2020) positions Centerbridge to support ABG's growth through continued investment in product offerings, channel expansion, and strategic initiatives.
- Buyers
- Centerbridge Partners, L.P.
- Targets
- American Bath Group, LLC
- Sellers
- Affiliates of Lone Star Funds
- Industry
- Building Products
- Location
- Texas, United States
- Transaction Type
- Buyout
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