US LBM announced a definitive agreement for Platinum Equity to acquire a stake in the company from its current private equity partner, Bain Capital Private Equity, with both parties having equal ownership stakes and joint board governance.
All Craftsmen is headquartered in Burnsville, Minn., and adds a complementary set of geographies in and around Minnesota to Ashco’s portfolio following the partnership.
Proceeds from the refinancing will be used to repay Tecta's existing Second Lien Term Loan, to pre-fund acquisitions under letters of intent and for general corporate purposes.
Cleveland-Cliffs Inc. has revealed its plan to acquire all outstanding United States Steel Corporation stock through a cash and stock deal, potentially creating one of the world's largest steel producers; US Steel has rejected the proposal.
A deal announced by France’s Saint-Gobain to acquire privately-owned Building Products of Canada Corp. on June 12 in a nearly $1 billion cash acquisition solidifies the concern’s dominance within the Canadian construction product manufacturing sector.