American Construction Source
ACS distributes building products materials to custom and production homebuilders focused on single and multi-family home construction.
Status: Exited
Investment Date: September 2018
Business model: Specialty Distribution
Sub-sector: Building & Infrastructure Products
Transaction type: Buy and Build
Exit Date: July 2021
Investment thesis:
Acquire a fourth-generation family-owned business, execute a ‘buy and build’ strategy to create a national scale distributor and drive operational best practices across the platform
Value creation levers:
Installed entire C-suite, top-graded management team
Completed and integrated nine accretive add-on acquisitions in less than three years
Implemented operational improvements: centralized sourcing, reduced SG&A, increased labor productivity and safety, consolidated systems, implemented pricing strategy and improved go-to-market model
Exit:
Sold ACS to US LBM, a distributor of specialty building materials owned by Bain Capital and Platinum Equity
Add-ons completed:
