Lone Star Funds to acquire Stark Group for $1.13bn.

Lone Star Funds, a private equity firm is set to acquire Stark Group, a distributor of building materials for $1.13bn. The transaction is subject to the approval of the relevant competition authorities and is expected to be closed in 2018. “Today is a really good day for STARK GROUP and we are incredibly strong with our clear focus on the professional craftsmen and a strong strategy. Working with our new owner is a solid foundation. I am happy and look forward to the future of STARK GROUP, ” Soren P. Olesen, Stark Group CEO.