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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.