Angeles and Clearlake Backed ACS to be Acquired by US LBM
Founded in 2018 by Angeles and Clearlake, ACS American Construction Source is a leading specialty LBM distribution platform focused on custom home builders and the renovation market
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LOS ANGELES, Calif. and SPRINGFIELD, Mo., May 25, 2021 /PRNewswire/ Angeles Equity Partners, LLC (together with certain of its affiliates, Angeles ) and Clearlake Capital Group, L.P. (together with certain of its affiliates, Clearlake ) today announced they have signed a definitive agreement to sell American Construction Source ( ACS or the Company ) to US LBM. ACS is a leading lumber and building materials ( LBM ) distribution platform serving custom home builders, repair and remodel contractors, and do-it-yourself homeowners across the United States. Financial terms of the transaction were not disclosed.