US LBM announced a definitive agreement for Platinum Equity to acquire a stake in the company from its current private equity partner, Bain Capital Private Equity, with both parties having equal ownership stakes and joint board governance.
SRS Distribution has acquired Sunniland Corporation, a distributor of roofing and landscape products in Florida and South Georgia; Sunniland's existing leadership will continue to lead the company.
The partnership with McCurdy-Walden expands Core's presence within Florida and highlights the platform's strategy to build a commercial roofing service across the Southeast and nationally.
All Craftsmen is headquartered in Burnsville, Minn., and adds a complementary set of geographies in and around Minnesota to Ashco’s portfolio following the partnership.
Proceeds from the refinancing will be used to repay Tecta's existing Second Lien Term Loan, to pre-fund acquisitions under letters of intent and for general corporate purposes.