Debevoise & Plimpton LLP is advising investment firm Clayton Dubilier & Rice (“CD&R”) and Roofing Supply Group (“RSG”), a leading roofing products distributor owned by CD&R, in the $1.1 billion sale of RSG to Beacon Roofing Supply, Inc. (“Beacon”).
Under the terms of the agreement, RSG shareholders will receive approximately $286 million in cash and $291 million of Beacon common stock, and Beacon will refinance approximately $565 million of RSG's net debt. The transaction is targeted to close on October 1, 2015.
Headquartered in Dallas, RSG distributes roofing supplies and related materials from 83 locations across 24 states, including the key Western and Southern markets of California, Florida and Texas.
The Debevoise team is led by partners Margaret Andrews Davenport and Michael A. Diz, and includes partners Gary M. Friedman, Meir D. Katz and Jeffrey E. Ross, counsel Lee Turnier Barnum and Rafael Kariyev, associates Tomer S. Dorfan, Manuel Andres Giner, David P. Iozzi, Molly F. Stockley and Ramya S. Tiller and law clerk Lale Uner.
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.