Platinum Equity to acquire a 50% stake in US LBM from Bain Capital.

Platinum Equity, a private equity firm, agreed to acquire a 50% stake in US LBM, a distributor of specialty building materials in the United States, from Bain Capital, a private investment firm. Financial terms were not disclosed. “US LBM has built an impressive, diversified business with scale while preserving a vibrant, entrepreneurial spirit. In the near term, we think the company’s footprint, financial profile, and operating model will allow it to continue growing and strengthening its operations as it navigates the complexities of the current environment. We are optimistic about the outlook for new housing over the long term given the nationwide shortage stemming from years of underbuilding that has created an imbalance in supply and demand. We look forward to working with the company’s leadership group and our partners at Bain Capital to put our financial and operational resources to work," Jacob Kotzubei, Platinum Equity Co-President.