FBM bought the New Jersey-based company from Dunes Point Capital.
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Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
FBM has acquired Stucco Master Supply and Tradewind Hawaii.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The acquisition adds 32 locations to FBM's footprint.
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
Firm completes $1.4 billion acquisition of distributor from an affiliate of PE firm Lone Star Funds, which had acquired FBM in 2015 and maintained a majority ownership since the company’s 2017 IPO.
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
American Securities LLC is the latest private equity firm to snap up one of the country’s top building materials distributors.
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
FBM expands its presence in the Greater Milwaukee market with the acquisition of independent distributor.
