LOS ANGELES, CA — Los Angeles-based private investment firm Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), today announced that it has completed the acquisition of Guardian Building Products from Guardian Industries, a wholly owned subsidiary of Koch Industries. Guardian Building Products (“GBP”) is one of the leading specialty building products distributors in North America, providing a variety of building products from its 30 branch locations across the United States.
“We are excited to partner with the team at Guardian Building Products to scale the organization through organic growth, acquisitions, and greenfield opportunities” said Chris Sznewajs, Co-Founder and Managing Partner at Pacific Avenue. “The transaction is a prime example of how Pacific Avenue is a partner to corporate sellers through our deep experience with carveouts and special situations.”
Guardian Building Products is a leading distributor of roofing, insulation, gypsum, and other specialty building products. The Company operates a network of over 30 stocking distribution centers with a total storage footprint of over 4.2 million square feet in 20 states in the Midwest, Southeast, and Northeast United States. 26 of GBP’s distribution centers are strategically located within 150 miles of the 25 largest MSAs in the country. Through distribution center operations, as well as an established direct-from-manufacturer business model, GBP delivers an array of innovative, market-focused products and services to over 5,000 customers in the lumber and building materials industry.
“Under Pacific’s ownership, we plan to focus on strengthening support and service for GBP’s customers while expanding the reach for our supplier partners,” Chris Sznewajs added. “We are committed to growing the business while continuing to focus on the key product categories of roofing, insulation, gypsum, decking and siding.”
Bank of America provided the debt financing for this transaction and Winston & Strawn LLP acted as Buyers counsel. Keybanc acted as sell-side financial advisor to Guardian Industries on the sale. Terms of the transaction were not disclosed.
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners, founded by Chris Sznewajs, is a Los Angeles-based private investment firm with deep expertise in operations and growth enhancement in the middle market. Pacific Avenue, in conjunction with its operating executives, partners with exceptional management teams to assist businesses in unlocking value and reaching their full potential. Pacific Avenue acquires controlling interests in businesses across multiple industries including industrials, business services, healthcare services, and business products. Pacific Avenue’s current portfolio has more than $650 million in combined revenue. For more information, please visit www.pacificavenuecapital.com.
About Guardian Industries
Guardian Industries is a leading private manufacturer of glass, automotive, and building products with reputation of consistent service for the past 87 years. Guardian Industries produces glass, fiberglass, insulation, and building materials products.
KeyBanc is a publicly traded investment bank and private wealth management firm that specializes in capital-raising, strategic advisory and industry expertise providing customized solutions from debt offerings to privatization.