October 18, 2023
Willkie is serving as debt structuring counsel to Platinum Equity on its proposed acquisition of co-controlling stake in US LBM, a leading distributor of specialty building materials in the United States, from Bain Capital Private Equity.
On October 16, Platinum Equity announced that it signed a definitive agreement to acquire a stake in US LBM, pursuant to which Bain Capital and Platinum Equity will have equal ownership stakes and joint Board governance.
US LBM is one of the nation’s leading distributors of specialty building materials, operating more than 450 locations throughout the country. The company offers a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $47 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world.
The Willkie team is led by partners Cristopher Greer, Joshua Deason and Jason Pearl and includes associate Lee Henderson.
