Foundation Building Materials, Inc. | Stephens

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Foundation Building Materials, Inc.

$81 Million 09/19/2019 Building Products, Materials & Technology Complete
Public Companies
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Transaction Details

  • On September 19, 2019, Foundation Building Materials, Inc. (“FBM” or the “Company”) announced the pricing of an underwritten offering of 4,750,000 secondary shares of the Company’s common stock at a price to the public of $17.00 per share
  • Shares were offered by an affiliate of Lone Star Fund IX (U.S.), L.P. (“Lone Star”), the largest shareholder of FBM
  • Lone Star also granted the underwriters a 30-day option to purchase up to an additional 712,500 shares of FBM common stock
  • The Company is not selling any primary shares in the offering
  • Stephens Inc. served as Co-Manager on the offering

About the company

Foundation Building Materials, Inc. (NYSE: FBM) is one of the largest specialty distributors of wallboard, suspended ceiling systems and metal framing in the United States and Canada. Since 2013, we have completed more than 30 acquisitions. We have over 175 branches, 3,400 employees and 30,000 SKUs. We have a national operating model supported by local market expertise and an entrepreneurial, customer centric culture. Our strong national brand and acquisition expertise have established us as the distributor of choice for leading suppliers, and we have over 22,000 customers across a balanced mix of construction-related end markets.

Sources: Company filings and press release.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at at the following link: A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.