Business Sale Financial Advisor
DENVER – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of Wallboard Supply Company (“WSC” or “Wallboard”) by US LBM Holdings, a portfolio company of BlackEagle Partners (“US LBM”).
Class VI Partners served as the exclusive financial advisor to WSC, including the Company’s financial sponsors, Agincourt Capital Partners and Gemini Investors. “We were delighted to be a part of this transaction and help the Company find a partner for its next stage of growth,” said Chris Younger, Managing Director at Class VI Partners. “The Wallboard team has created an impressive organization and built an inspiring legacy of perseverance and success; we know US LBM will be a great home for the business and are enthusiastic for its continued expansion.”
With a rich family history bridging three generations of owners and managers, WSC has been serving New England’s building supply needs for over 40 years. In 1970, Bob Filion founded the Company with a commitment to provide quality interior finishing products with unmatched customer service. The Company has a broad and deep product line of over 1,800 SKUs representing a diverse base of drywall, metal framing, insulation, lumber, and ceiling products. WSC operates out of five locations with headquarters in Londonderry, New Hampshire and additional branches in Braintree, Massachusetts, Portland, Maine, Hermon, Maine, and Williston, Vermont. President John Filion will continue to lead the Company along with Vice President Ryan Filion and the members of their management team.
The Business Sale Transaction
“As this was our second transaction, we knew what to expect and we were fortunate to partner with Class VI. Chris and the team did a great job of representing the entire Company and shareholder group and paid close attention to all details of the transaction; this was very important to us. We appreciate all the hard work Class VI did to find the right fit for WSC,” commented Ryan Filion, WSC Vice President. Paul Anderson, WSC CFO added, “The resources Class VI provided in managing all the transaction details, including the go-to-market documents, management meeting preparation, data room and buyer inquiries, and final document negotiation and closing were all critical to our success.”
“We will miss working with the Filion family and the rest of the Wallboard team, who have expanded the business meaningfully over the last decade, but we know they have found a great partner in US LBM to continue to build on Wallboard’s competitive presence in the New England market,” said Andrew Spence, Managing Director from Agincourt Capital Partners. Jimmy Rich, Managing Director from Gemini Investors added, “We’ve had the privilege of working with Class VI on a half dozen transactions and knew from those experiences that they would be a great advisor for WSC. Their hands-on approach, down to earth style, experience working with family-run, entrepreneurial businesses and knowledge of the building products distribution space made them the perfect fit for assisting management through the process of finding their next partner. Entrepreneurs and investors in the middle market couldn’t ask for more in a financial advisor.” US LBM, recipient of the 2013 HCN Pro Dealer of the Year Award, is a collection of 16 leading building material distributors across the United States in 18 states with over 90 locations. Implementing the philosophy of local management and leadership, US LBM capitalizes on the premier reputation of its operating companies and the local customer relationships that each operation is known for in its market.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Ryan Filion, Vice President of Wallboard Supply Company, and Paul Anderson, CFO of WSC, are clients of Class VI Partners and are not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Ryan Filion and Paul Anderson may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.