Platinum Equity Acquires Co-Controlling Stake in US LBM from Bain Capital
October 16, 2023
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.
- Targets
- US LBM
- Sellers
- Bain Capital Private Equity
- Industry
- Building Products
- Location
- Georgia, United States
- Transaction Type
- Recapitalization
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