Deal Details
Construction Resources Completes Debt Refinancing For Acquisition of United Materials
Summary
Construction Resources Holdings, LLC (“CR” or the “Company”), a portfolio company of Monomoy Capital Partners (“Monomoy”), recently completed a secured debt financing (the “Financing”) in support of its acquisition of United Materials, Inc. (“UMI”). The Financing consisted of a senior secured term loan and revolving credit facility.
Baird served as the exclusive debt advisor to Construction Resources Holdings, LLC on this transaction.
About
CR is a leading, value-added distributor of specialty building products and complementary services serving residential and commercial applications in Georgia, Florida, Alabama, South Carolina and North Carolina. The Company is a one-stop shop for kitchen and bath needs, including countertops, appliances, glass & mirrors, fireplaces, lighting and flooring. CR was formed in 2015 from Monomoy’s acquisition of Builder Specialties, Inc. and Construction Resources, Inc. and is headquartered in Atlanta, Georgia.Monomoy Capital Partners is a private investment firm with $1.5 billion in committed capital in a family of investment funds. Monomoy makes investments in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe.
UMI is a leading value-added distributor of countertops and specialty products for diverse residential and commercial applications in the southeastern United States. UMI’s products include natural stone, engineered stone and complementary countertop materials. UMI was founded in 2002 and is headquartered in Naples, Florida.
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- Date
- June 2019
- Company
- Construction Resources Holdings, LLC
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Building & Infrastructure
- Target Geography
- North America
- Acquiror Geography
- North America
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