Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice on its $500 million preferred stock investment in Beacon Roofing Supply, Inc. in connection with Beacon’s $2.625 billion cash acquisition of Allied Building Products Corp. from CRH plc. The transaction is expected to close in the first quarter of 2018.

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of approximately $24 billion in 74 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion.

Beacon Roofing Supply is the largest publicly traded distributor of roofing and complementary building products in North America. Allied Building Products is one of the country’s largest exterior and interior building products distributors.

The Debevoise team is led by partners Paul S. Bird and Uri Herzberg and includes partners Gary M. Friedman, Meir D. Katz and Ramya S. Tiller, counsel Kyra K. Bromley and associates David P. Iozzi, Brett M. Novick and Michael Ronca.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.