We are pleased to announce that U.S. LBM has acquired our client Crown Components ("the Company") located in Arizona. Coil Partners acted as financial advisor to Crown Components for the transaction.
Founded in 2014, Crown Components serves framing and building contractors for residential, multi-family and light commercial projects. Crown Components manufactures all types of pre-assembled roof and floor wood trusses in a variety of shapes and systems, and provides full turn-key manufacturing services including materials takeoffs, truss design and jobsite delivery. Crown Components operates a nine-acre facility in Tolleson, Arizona that services the Phoenix-Mesa-Scottsdale market.
U.S. LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, U.S. LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country.
“The Coil Partners team proved valuable in helping us navigate the Company selling process and leading us from the LOI negotiation to the execution of the definitive agreements. They stayed fully connected through all stages of the deal, which was critical and comforting for first time sellers," said Jeff Oitzman, Co-Founder of Crown Components.
Advising the owners of Crown Components, Coil Partners was successful in structuring and negotiating the sale of the Company to the private equity-backed strategic buyer, U.S. LBM, which continues to build on its operating portfolio and expertise within the building materials industry.