Kirkland Advises Bain Capital Private Equity and US LBM on Sale of Stake in US LBM to Platinum Equity

Kirkland & Ellis advised Bain Capital Private Equity and US LBM, a leading distributor of specialty building materials in the United States, in connection with a definitive agreement for Bain Capital to sell a stake in US LBM to Platinum Equity. Bain Capital and Platinum Equity will have equal ownership stakes and joint board governance. The transaction is expected to close by the end of Q1 2024 and is subject to customary closing conditions. Financial terms were not disclosed.

Founded in 2009 with 16 locations in three states, US LBM has grown into one of the nation's leading distributors of specialty building materials, operating more than 450 locations throughout the country.

Read the transaction press release

The Kirkland team was led by corporate partners Chris Thomas and Valentine Bleicher and associate George Boden; debt finance partners Melissa Hutson and Yuli Wang; capital markets partners Josh Korff and Michael Kim; and tax partners Mike Carew, Christine Lehman and Rory Minnis.