Monomoy Capital Partners has received financing for the acquisition of Construction Resources and Builder Specialties
Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced today the successful completion of a financing in support of Monomoy Capital Partners’ (“Monomoy” or the “Firm”) acquisition and subsequent merger of Construction Resources, Inc. and Builder Specialties, Inc. (together referred to as “Construction Resources” or the “Company”). The Company will be a leading provider and installer of specialty building products in the Southeast region of the U.S.
Lincoln acted as the exclusive financial advisor to Monomoy in connection with securing debt financing commitments in support of the acquisition of Construction Resources, which consisted of a senior-secured revolving credit facility provided by Bank of America Merrill Lynch and term debt provided by LBC Credit Partners. In addition to funding a portion of the acquisition, proceeds from the financing will be used to support the Company’s strategic growth plans and fund its ongoing working capital requirements.
As Monomoy’s exclusive financial advisor, Lincoln worked closely with the Firm on all aspects of the transaction, helping to structure, arrange and negotiate the financing. Justin Hillenbrand, Principal and Co-CEO of Monomoy, commented, “We are very pleased with the outcome of Lincoln’s work on the financing. By partnering with Lincoln, we were able to focus our time and attention on the operational aspects of the M&A transaction and our due diligence efforts, while Lincoln helped us secure an attractive financing solution that provided us with the capital needed to consummate the acquisition and to support the Company’s future growth.”
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