Foundation Building Materials, Inc. | Stephens

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Foundation Building Materials, Inc.

$179.2 Million 02/10/2017 Building Products, Materials & Technology Complete
Public Companies
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Transaction Details

  • On February 10, 2017, Foundation Building Materials, Inc. (“FBM” or the “Company”) priced an Initial Public Offering for a deal value of $179.2 million
  • The deal priced 12,800,000 shares of common stock at $14.00 per share
  • All shares were offered by the Company
  • Proceeds from the Initial Public Offering will be used to repay amounts outstanding under the ABL Credit Facility
  • Stephens Inc. served as a Co-Manager in the Offering

About the company

Foundation Building Materials, Inc. ("FBM"), a portfolio company of Lone Star Funds, is the second largest specialty distributor of wallboard and suspended ceiling systems in the United States and Canada, and the fastest growing by revenue and branch count since its founding in 2011. FBM is also the second largest specialty distributor and one of the largest fabricators of commercial and industrial mechanical insulation in the United States. The Company has expanded from a single branch in Southern California to 210 branches across North America, carrying a broad array of more than 35,000 SKUs. The Company was acquired by Lone Star Funds in October 2015 and is based in Tustin, CA.

Source: Company filings.
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    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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.