Angeles and Clearlake Backed ACS to be Acquired by US LBM | National Business

LOS ANGELES, Calif. and SPRINGFIELD, Mo., May well 25, 2021 /PRNewswire/ — Angeles Equity Associates, LLC (collectively with specific of its affiliate marketers, “Angeles”) and Clearlake Capital Group, L.P. (alongside one another with sure of its affiliate marketers, “Clearlake”) currently declared they have signed a definitive agreement to promote American Construction Resource (“ACS” or the “Firm”) to US LBM. ACS is a top lumber and making materials (“LBM”) distribution system serving custom made home builders, repair service and rework contractors, and do-it-by yourself home owners across the United States. Financial phrases of the transaction have been not disclosed.

Angeles and Clearlake fashioned ACS in 2018 in partnership with Main Govt Officer James Drexinger by the acquisition of 3 major regional LBM distributors, making a scaled system with a countrywide distribution footprint. Due to the fact its inception, ACS has correctly obtained and integrated 9 companies. ACS now operates a developing elements distribution network of more than 70 locations across the nation, concentrating on some of the maximum expansion regional markets in the United States.

“We are exceptionally happy of James Drexinger and the overall ACS workforce for their spectacular execution of the Angeles and Clearlake financial commitment thesis more than the past 3 many years. Jim has been a valuable advisor to our business considering that its inception and we are delighted to have worked with him all over again. We think the ACS platform positive aspects designed on a foundation of regional shopper interactions and personalized support situation the Firm properly for continued growth,” claimed Tim Meyer, Angeles Co-Founder and Running Husband or wife, and Sam Heischuber, Principal at Angeles. “We have important experience in this sector, and committed considerable operational and M&A resources to understand our financial commitment thesis in ACS. The operational effects we were being able to reach are, in our watch, a testomony to our worth generation design.”

“The strategic transformation we have executed at ACS in partnership with James Drexinger and Angeles is an enjoyable good results tale for our O.P.S® playbook,” explained José E. Feliciano, Co-Founder and Taking care of Partner at Clearlake, and James Pade, Associate and Taking care of Director at Clearlake. “A number of yrs back, Angeles and Clearlake determined the LBM place as a highly fragmented sector ripe for disciplined consolidation with a aim on better value niches. We considered we could construct a differentiated system that would reward from a business system geared towards custom made household builders, as perfectly as an emphasis on important development markets, and a target on the household renovation market place. US LBM is a perfect dwelling for ACS, and we glimpse ahead to the Firm’s long run successes.”

“ACS signing up for US LBM is an outstanding result centered on the alignment of our shared strategy to preserve longstanding area lumberyard manufacturers and operations when delivering a terrific consumer practical experience. We are thrilled to have experienced the option to partner with Angeles and Clearlake, and are grateful to our consumers, suppliers, leadership workforce, salespeople, and associates for their support,” claimed James Drexinger, CEO of ACS. “With each other we have designed a sizeable sector system even though at the same time honoring the 100+ year heritage of the community manufacturers and household legacies we have obtained. None of this would have been doable devoid of the value-extra sponsorship of Angeles and Clearlake, whose deep constructing products and solutions, distribution, and operating know-how accelerated our advancement trajectory.”

Moelis & Company LLC and Jefferies LLC served as money advisors to ACS on the transaction, and Simpson Thacher & Bartlett LLP and Sidley Austin LLP served as lawful advisors to ACS.

ABOUT ANGELES Equity Partners

Angeles Equity Companions, LLC is a non-public equity company that invests in organizations throughout a large selection of sectors and exclusively targets firms which it believes can instantly reward from the firm’s strategic, operational, and M&A capabilities. The Angeles talent set drives the firm’s financial commitment philosophy and, in its look at, can aid organizations achieve their entire opportunity. Understand additional on the web at


Clearlake Capital Group, L.P. is a foremost expenditure agency started in 2006 running built-in companies throughout non-public fairness, credit score and other associated procedures. With a sector-centered tactic, the organization seeks to lover with professional management teams by giving affected person, extended-time period cash to dynamic firms that can reward from Clearlake’s operational improvement technique, O.P.S.® The firm’s core target sectors are industrials, buyer and technologies. Clearlake at present has somewhere around $35 billion of belongings under management, and its senior investment principals have led or co-led above 300 investments. The agency has offices in Santa Monica and Dallas. Much more details is accessible at and on Twitter @ClearlakeCap.


American Building Source is an LBM distributor with 70+ areas in 9 states serving the desires of personalized house builders, fix & rework contractors, and Do it yourself consumers. ACS delivers lumber and making components corporations the resources, leverage, and concentrate to make their concepts occur. Recognizing the worth and heritage of deep, community purchaser relationships as a strong foundation for advancement, ACS’s most effective tactics are built to leverage shared strengths, generate operational excellence, and motivate performance to develop a leading making solutions distributor with a nationwide footprint and a great shopper knowledge. ACS is backed by Angeles Fairness Associates and Clearlake Money Group, L.P. Discover a lot more on the web at


US LBM is a main distributor of specialty setting up materials in the United States. Supplying a comprehensive portfolio of specialty merchandise, such as home windows, doorways, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM brings together the scale and operational strengths of a national system with a local go-to-market place method by way of its countrywide community of destinations throughout the region. For extra information, make sure you check out

Media Contacts:

For ACS and Angeles:

Trenton Waterhouse

(623) 523-1672

[email protected]

For Clearlake:

Jennifer Hurson

Lambert & Co.

(845) 507-0571

[email protected]

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Supply ACS American Development Source Angeles Fairness Companions, LLC Clearlake Funds Team, L.P.

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