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Private Equity Firm Takes Majority Stake in Specialty Building Products The Jordan Co. has acquired a majority stake in the U.S. Lumber parent company from Madison Dearborn Partners. Author
Specialty Building Products LLC the Duluth, Georgia-based parent of U.S. Lumber and other businesses on Tuesday announced that it has agreed to The Jordan Co. LP acquiring a majority ownership position in SBP from funds affiliated with Madison Dearborn Partners LLC.
SBP’s senior management team, including President and CEO Jeff McLendon, will maintain a significant equity stake in SBP and continue to lead the company. Financial terms of the deal weren’t disclosed.
The Jordan Company to Acquire Majority Stake in Specialty Building Products from Madison Dearborn Partners
SBP Senior Management Team to Maintain Significant Ownership and Continue to Lead the Business
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DULUTH, Ga., Dec. 21, 2020 /PRNewswire/ Specialty Building Products, LLC ( Specialty Building Products or SBP ), a leading distributor of specialty building products in North America, today announced that it has signed a definitive agreement whereby The Jordan Company, L.P. ( TJC ) will acquire a majority ownership position in SBP from funds affiliated with Madison Dearborn Partners, LLC ( MDP ). SBP s senior management team, including President and CEO Jeff McLendon, will maintain a significant equity stake in SBP and continue to lead the Company through its next phase of growth. Terms of the transaction were not disclosed.