LBC Credit Partners, a leading provider of financing solutions to middle-market companies, provided a $35.0 million senior secured term loan to support the acquisitions of Construction Resources, Inc. and Builder Specialties, Inc. by Monomoy Capital Partners ("Monomoy") and subsequent merger of the two companies. The newly formed business (the "Company") operates under the Construction Resources name.
LBC Credit Partners served as agent for the senior secured term loan.
The combination of the Atlanta-based building supply companies into Construction Resources creates a leading specialty building products distributor for home builders in the Southeast. The Company fabricates, distributes and installs countertops, appliances, hearth products, garage doors, glass and mirror products, flooring products, lighting products and cabinets. Construction Resources is positioned as the largest one-stop shop for specialty building products in the Southeastern U.S. The Company employs over 700 associates in 30 distribution centers, design centers and showrooms located throughout the Southeast.
Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital that makes controlling investments in lower middle market businesses in the manufacturing, distribution, consumer products and foodservice sectors. Over the past ten years, Monomoy has closed over 40 middle market acquisitions, and its companies have produced over $2.5 billion in combined sales and employed more than 5,000 associates across four continents. Monomoy implements customized business improvement programs at its investments that reduce operating expenses, increase profitability and encourage growth.
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.75* billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and Greenwich.