Alston & Bird served as financing counsel to American Construction Source (ACS), a new company formed by private equity firms Angeles Equity Partners, LLC, and Clearlake Capital Group, L.P., for the purpose of acquiring Meek’s Lumber Company and other lumber and building materials businesses.
Financial terms of the transaction were not disclosed.
Founded in 1919 in Springfield, M0, family-owned Meek’s is one of the largest nationally ranked independent building products distributors in the U.S. , serving the needs of homebuilders, contractors, subcontractors, and retail from nearly 50 building and home improvement centers in the Midwest and on the West Coast.
Through this and future acquisitions, ACS aims to create a leading national building products distributor through operational excellence and customer focus.
Advising ACS on the deal financing was an Alston & Bird team led by partner Matthew Wrysinski, counsel Jessica Royko, and associates Lindsey Arthur and Barbara Bensoussan of the firm’s Corporate Debt Finance Team.