Debevoise & Plimpton LLP is advising Kelso & Company (“Kelso”) in the purchase by affiliates of Kelso of a majority of the equity interests in US LBM Holdings, LLC (“US LBM” or the “Company”). BlackEagle Partners LLC and certain members of Company management will be investors in the pending acquisition, alongside of Kelso. US LBM is a building product material distribution business serving builders, remodelers and specialty contractors throughout the United States. Terms of the transaction were not disclosed.
Kelso & Company has been investing in North American private equity for over 30 years. Kelso benefits from a successful investment track record, a long-tenured and stable investing team, a reputation as a preferred partner to management teams and strategics, and a significant alignment of interest with all of its partners. Since 1980, Kelso has raised a total of eight private equity funds, representing $9.8 billion of capital, and has made over 110 investments.
The Debevoise team is led by partner Michael A. Diz and includes partners Michael Bolotin, Jonathan F. Lewis and Pierre Maugüé, counsel Kyra K. Bromley and Stuart Hammer and associates Andrew M. Hirsch, Shawn W.K. Lim, Michael J. Milazzo, Felix Paterson, Thomas Smith and Molly F. Stockley.
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.