Announced
Completed
Financials
Tags
United States
Private
Household Equipment and Products
Friendly
Majority
Acquisition
Single Bidder
hardware store
Private Equity
Completed
Domestic
Synopsis
Angeles Equity Partners- and Clearlake Capital-backed American Construction Source, a building materials distribution platform, completed the acquisition of Weaver Lumber, a provider of household tools and supplies. Financial terms were not disclosed. “We are thrilled to join the ACS platform. ACS brings a deep level of operating expertise and a successful track record of integration and growth. Angeles and Clearlake have significant investment experience creating value and helping businesses achieve their full potential. ACS is the ideal partner to enable us to best serve our customers and accelerate growth of the business,” Brent Weaver, Weaver Lumber CEO.
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