Angeles and Clearlake-backed American Construction Source to acquire Homewood Holdings.

Angeles and Clearlake-backed American Construction Source, a national building materials distribution platform, agreed to acquire Homewood Holdings, a regional lumber and building materials pro dealer. Financial terms were not disclosed. “The Homewood team is energized to join ACS. I believe our combined talents and capabilities will yield great results for our customers. Angeles and Clearlake have significant experience creating value in businesses in which they invest. I am confident we will accelerate our growth and improve our ability to serve our customers as part of the American Construction Source platform,” Jim Stockman, Homewood CEO.