February 01, 2024
Weil advised American Securities in the sale of a significant ownership position in Foundation Building Materials to Clayton, Dubilier & Rice. American Securities will continue to own a majority stake in FBM.
FBM, acquired by American Securities in 2021, is a leading distributor of specialty building products. FBM operates in over 300 locations and serves a diverse customer base of more than 40,000 residential, non-residential and specialty contractors and homebuilders throughout the United States and Canada.
The Weil team was led by Mergers & Acquisitions Head Michael Lubowitz and Private Equity partner Ryan Taylor and included Private Equity associate James Pierre-Louis; Mergers & Acquisitions associate Andrew Sunol (Not Yet Admitted in New York); Executive Compensation & Benefits partner Amanda Rotkel; Tax partner Jonathan Macke and associate Greg Williamson; Banking & Finance partners Andrew Colao and Jacqueline Oveissi and associate Adam Bernstein; Capital Markets partner Heather Emmel and associate Shelby Stanton; and Litigation partner Evert Christensen.