US LBM to be Acquired by Bain Capital Private Equity

BUFFALO GROVE, Ill. — US LBM announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company. US LBM will continue to operate under the leadership of President and CEO L.T. Gibson and the current management team. Financial terms of the private transaction were not disclosed.

Founded in 2009 with 16 locations in three states, US LBM has grown to be a leading national distributor of specialty building materials operating more than 250 locations. The company's operating model combines the advantages of its national scale and central team of industry experts with the high service levels, local expertise, entrepreneurial culture and customer relationships of its 37 operating divisions. Since US LBM's founding, it has grown through acquisitions and has opened more than 30 greenfield locations, including six this year.