Kirkland & Ellis advised Bain Capital Private Equity on its acquisition of a majority stake in US LBM, a leading distributor of specialty building materials in the United States. US LBM will continue to operate under the leadership of President and CEO L.T. Gibson and the current management team. Financial terms of the private transaction were not disclosed. The transaction is expected to close in December 2020 and is subject to customary closing conditions.
The Kirkland team was led by transactional partners Christopher Thomas, Elizabeth Freechack and Eunu Chun and associates Christopher Grady and Mel Kim, and debt finance partners Melissa Hutson and Yuli Wang.