Amherst Partners Advises on Sale of Building Products Distributor

Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of a leading residential building products distributor (the “Company”) to Credo Private Capital and Quadec Private Capital. Amherst acted as the exclusive financial advisor to the Company in connection with the transaction.

About The Company

Founded in the 1950’s, The Company is an established and well-known distributor within its product lines in the Midwest market. With a customer base primarily comprised of residential builders, the Company’s comprehensive product lines and passion for customer service have resulted in superior name recognition, consistent repeat business, and exemplary financial performance.

About the Transaction

The Company’s shareholders expressed a desire to scale the existing business, including expanding its geographic footprint. In addition, while focused on continuing to manage day-to-day operations in the near-term, they were interested in developing a transition strategy that would allow for an orderly transition of both their management responsibilities and ownership over the next five to seven years.

The Company’s owners engaged Amherst Partners to assist in developing a strategy, and eventually, a transaction solution for achieving their stated goals for near-term growth and eventual ownership transition.

Capitalizing on its relationships in the building products sector, Amherst identified an investor group led by Credo Private Capital and Quadec Private Capital. This investor group had several established investments in Midwest-based building products businesses and desired to expand their footprint and product offerings in the region. A transaction was negotiated that provided (i) the Company’s shareholders with ample liquidity at close as well as the retention of a significant equity position, and (ii) access to financial and other resources that would enable management to scale the business. The Company’s shareholders (pre-transaction) continue to manage day-to-day operations.

About Amherst Partners

With a track record that spans over 30 years, Amherst is one of the Midwest’s most reputable boutique investment banking advisory firms. Among its core services, Amherst provides middle-market and closely-held companies with significant financial advisory expertise for business divestitures, acquisitions, capital raises, and other corporate finance transactions. Our professionals share a commitment to developing a trusted advisor relationship with our clients and referral partners and have amassed an extraordinary track record of success, with over 450 domestic and cross-border transactions exceeding $20 billion in total transaction value. Securities-related transactions are offered through Amherst’s wholly owned subsidiary, One Amherst Partners LLC, a registered broker-dealer and member of FINRA and SIPC. For more information, visit the Amherst Partners website: https://www.amherstpartners.com or follow us on LinkedIn.