January 21, 2021
Weil advised American Securities LLC in its $1.37 billion take-private of Foundation Building Materials, Inc., one of the largest specialty building products distributors of wallboard, suspended ceiling systems, metal framing and complementary and other products in North America. The transaction closed on January 21, 2021.
The Weil team that advised American Securities was led by Mergers & Acquisitions partner Michael Lubowitz and included Mergers & Acquisitions associate Daniel Sotsky. The team also included Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits associate Amanda Rosenblum; Banking & Finance partner Andrew Colao; Banking & Finance associates Jacqueline Oveissi and Kelsey Watkins (Admitted in New York Only); Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions/Privacy associates Alexa Chu Clinton and Meggin Bednarczyk; Real Estate partner David Herman; Real Estate associate Lauren Burgos; Environmental Head Annemargaret Connolly; Antitrust counsel Vadim Brusser; Antitrust associate Marie-Marie de Fays; Employment Litigation partner Nicholas Pappas; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).