ACS Portfolio Company Arrow Building Center Expands Geographic Reach to
Southern Minnesota and Northern Iowa
LOS ANGELES–(BUSINESS WIRE)–$Lumber #buildingmaterials—American
Construction Source (ACS), a leading national building materials
platform for custom home builders and repair and remodel contractors,
backed by Angeles
Equity Partners and Clearlake
Capital Group, today announced the acquisition of Freeborn Lumber
Company (“Freeborn”) located in Albert Lea, Minnesota. Freeborn will
operate under the Arrow
Building Center (“Arrow”) brand which provides custom home builders,
building professionals, and DIY customers a comprehensive portfolio of
lumber and building materials (LBM) products, component manufacturing,
and specialty services in key Minnesota and Wisconsin markets. Financial
terms of the transaction were not disclosed.
“We are pleased to add Freeborn, which has been serving customers in
Minnesota and Iowa since 1946, to our growing portfolio of
service-oriented lumber and building materials locations,” said James
Drexinger, CEO of ACS. “We look forward to providing the same
friendly service Freeborn customers have come to rely upon, coupled with
the efficient ‘Arrow Experience’, as we remain focused on best
practices, operational excellence and the best possible service in the
local markets we serve.”
Freeborn has been “Designing Your Dreams” since 1946 with good
advice from friendly, knowledgeable people on what works best, details
that matter, and quality building products. Freeborn’s passion for
design is applied to homes, kitchen & bath, additions, remodels, and
agricultural buildings.
About American Construction Source (ACS)
ACS American Construction Source is a lumber and building materials
(LBM) distributor with 70+
locations in 7 states serving the needs of custom home builders,
repair & remodel contractors, and DIY consumers. ACS provides lumber and
building materials (LBM) businesses the resources, leverage, and focus
to make their ideas happen. Recognizing the value and heritage of deep,
local customer relationships as a strong foundation for growth, ACS best
practices are designed to leverage shared strengths, drive operational
excellence, and motivate performance to create a leading building
products distributor with a national footprint and the industry’s best
customer experience. ACS is backed by Angeles
Equity Partners and Clearlake
Capital Group. Learn more online at www.acs-lbm.com.
About Arrow Building Center
Arrow Building Center’s 16 full-service lumberyards, specialty
divisions, and new state-of-the-art components manufacturing plant are
ready to offer the best quality building products at an affordable price
with the personalized, professional service customers have come to
expect from Arrow since 1903. Learn more online at www.abc-clc.com.
About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in
companies across a wide range of sectors and specifically targets
businesses which it believes can directly benefit from the firm’s
strategic, operational and M&A capabilities. The Angeles skill set
drives the firm’s investment philosophy and, in its view, can help
businesses reach their full potential. Learn more online at www.angelesequity.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading private investment firm
founded in 2006. With a sector-focused approach, the firm seeks to
partner with world-class management teams by providing patient,
long-term capital to dynamic businesses that can benefit from
Clearlake’s operational improvement approach, O.P.S.® The firm’s
core target sectors are industrials and energy; software and
technology-enabled services; and consumer. Clearlake has managed over $9
billion of institutional capital since inception and its senior
investment principals have led or co-led over 100 investments. More
information is available at www.clearlake.com.
Contacts
Trenton Waterhouse
1 623 523 1672
[email protected]
