Deal Details
Initial Public Offering
Summary
Baird served as lead co-manager on this offering
About
Stock Building Supply Holdings, Inc. (“Stock Building Supply” or the “Company”) (NASDAQ-GS: STCK), a portfolio company of The Gores Group, recently completed an initial public offering of 8,050,000 shares of common stock at a price of $14.00 per share, generating gross proceeds of approximately $112.7 million. A total of 4,411,765 shares were sold by the Company and 3,638,235 shares were sold by selling stockholders. Stock Building Supply will not receive any proceeds associated with the shares sold by the selling stockholders. The Company expects to use the net proceeds that it receives from the offering to pay approximately $46.2 million of outstanding balances under the Company’s revolving line of credit and to pay fees and expenses related to the offering. Stock Building Supply is a large, diversified lumber and building materials distributor and solutions provider that sells primarily to new construction and repair and remodel contractors. The Company’s primary products include lumber & lumber sheet goods, millwork, doors, flooring, windows, structural components, such as engineered wood products, trusses, wall panels and other exterior products. Stock Building Supply serves a broad customer base, including large-scale production homebuilders, custom homebuilders and repair and remodeling contractors. The Company is headquartered in Raleigh, North Carolina.For additional information about this transaction, please contact:
- Date
- August 2013
- Company
- Stock Building Supply Holdings, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
Share
