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New Deal


Announced

Angeles and Clearlake-backed American Construction Source to acquire Foley Lumber and Milaca Building Center.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

diversified building materials

Friendly

Private Equity

Acquisition

Pending

United States

Building Materials: Other

Majority

Private

Synopsis

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Angeles and Clearlake-backed American Construction Source, a provider of lumber and building materials, agreed to acquire Foley Lumber and Milaca Building Center, two providers of lumber and building materials. Financial terms were not disclosed. "The ACS team welcomes Foley and Milaca to our national platform of service-oriented lumber and building materials locations. The Kotsmith family has built a great business over generations, and we respect the customer relationships they have fostered for the last 90 years," James Drexinger, ACS CEO.

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